Brazil Faces 10 Million Bag Loss Of Coffee: Preliminary Assessment | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Brazil Faces 10 Million Bag Loss Of Coffee: Preliminary Assessment

A wicked cold snap and massive drought in July have devastated Brazil's coffee belt. According to Bloomberg, preliminary reports show the South American country may lose millions of bags of arabica coffee.

A formal damage report of Brazil's coffee belt is due in the coming weeks. The government report is set to show up to ten million bags (each bag weighing 132 pounds) of arabica coffee, or one-third of annual purchases by the U.S. may have been damaged.

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