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Freak Cold Snap In Biggest Coffee Exporter Sparks Huge Price Surge 

Courtesy of ZeroHedge View original post here.

On Tuesday, a wicked cold snap, with temperatures dropping below zero, delivered a massive blow to farmers across Brazil’s coffee belt, damaging trees and destroying next year’s crop, according to Reuters.

Temperatures in Brazil’s coffee-growing regions recorded -1.2 Celsius (29 Fahrenheit) on Tuesday in southern Minas Gerais, which was the coldest since 1994. 

“I’ve never seen something like that. We knew it would be cold, we were monitoring, but temperatures suddenly went several degrees down when it was already early morning,” said Mario Alvarenga, a coffee producer with two farms in Minas Gerais, Brazil’s largest producing state.

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