Drought

Coffee Hits Record High As Brazil Farmers Balk At Selling

Global arabica coffee prices hit record highs on Monday, as farmers in top producer Brazil remain reluctant to sell.

World Wine Production Set For New 60-Year Low, OIV Says

World wine output is on course to hit another 60-year low in 2024 due to adverse weather, the International Organisation of Vine and Wine (OIV) has said.

Coffee Market On Edge After Brazil Traders Seek Creditor Protection

International coffee traders are on tenterhooks after Brazil-based traders Atlantica and Cafebras sought to negotiate with creditors in court.

Rains May Have Come Too Late For Brazil's Coffee

Rain is falling across the coffee growing regions of top producer Brazil after one of the driest periods on record, but it may be too late for trees to ful...

Vietnam Robusta Coffee Crop To Shrink By Up To 10% This Season, Traders Say

The coffee crop in Vietnam will fall up to 10% in the new season to possibly the lowest in a decade, five traders and sector representatives said.

EU Olive Oil Supply To Swell As Spanish Crop Recovers From Drought

Olive oil supply in Europe is set to rise sharply in the year ahead as top producer Spain recovers from drought, the European Commission said.

Rains Lift Australian Farm Confidence, Rabobank Survey Shows

Improved rainfall across much of Australia has lifted farmers' confidence in the future of the agricultural economy from low levels three months ago, a qua...

Wine Wins, Crops Lose, As Farmers Grapple With Record Balkans Heat

Balkan wine growers say hot weather has boosted the sugar content in their grapes, but corn, soy, sunflowers and some vegetables can be devastated, farmers...