RIO DE JANEIRO, BRAZIL - Arabica coffee producers in Minas Gerais may lose 25% in the next harvest due to last week's frosts, said today the president of Minasul Cooperative José Marcos Rafael Magalhães.
He said losses may be as high as 30% depending on the intensity of cold weather in the next few days.
Based in Varginha (Minas Gerais), Minasul is one of the largest coffee producing and exporting cooperatives in the state. The current crop under harvest has not been harmed, he says. "The effects of last year's drought have already been 'monetized'," he said.
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