Brazil, the world’s top coffee producer, is on track to harvest a weaker-than-expected crop in a frustrating development for already tight global markets and rising prices.
Farmers are picking up smaller-than-usual beans after trees went through a period of heat and drought that harmed development. While the extent of the impact is uncertain, the concern is already spurring some downward revisions for production estimates of arabica, the premium variety used by specialty coffee chains.
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