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J.M. Smucker, Neumann slurp up Brazil’s coffee as rainfall fails

Ags - Fruit/Veg 126 Ags - Grains/Beans 282 Ags - Softs 129 Brazil 378 Consumer Staples 733

Brazil’s agricultural exports may be under threat after unusually weak rainfall conditions during the first four months of 2021, with forecasts not expecting a return to normal until October. That follows a boom in exports. Brazilian exports of fruit, coffee, sugar, grains and beans have increased by 12.6% year over year in Q1’21 and by 22.6% in March alone. Corn and sugar led the way with growth of 60.0% and 43.2% respectively while exports of coffee climbed 23.8%. A reversal in coffee exports comes as shipments from other countries have already fallen. The fastest growing exporters wer...

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