(Bloomberg) -- Coffee rose for the third straight
session in New York as a lack of rainfall in Brazil, the world's
largest producer, increased concerns the next crop may be damaged
during its flowering phase.
The country's major coffee-growing areas will be mostly dry
for the next two to three weeks, said Dale Mohler, meteorologist
with AccuWeather Inc. in State College, Pennsylvania. Minas
Gerais, the biggest growing state, has received only 20 percent
of its average rainfall this winter, Mohler said. The next crop
begins to flower when Brazil's spring starts in September.
Read more at Bloomberg Commodities News
session in New York as a lack of rainfall in Brazil, the world's
largest producer, increased concerns the next crop may be damaged
during its flowering phase.
The country's major coffee-growing areas will be mostly dry
for the next two to three weeks, said Dale Mohler, meteorologist
with AccuWeather Inc. in State College, Pennsylvania. Minas
Gerais, the biggest growing state, has received only 20 percent
of its average rainfall this winter, Mohler said. The next crop
begins to flower when Brazil's spring starts in September.
Read more at Bloomberg Commodities News
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