Oct. 5 (Bloomberg) -- Increased rainfall this month may favor the flowering of the coffee crop in top global producer Brazil, according to Cepea, a University of Sao Paulo research group.
Rains over the past weekend will induce flowering, and most of Brazil’s coffee crop should flower by the middle of the week, weather forecaster Somar Meteorologia said Oct. 3.
“October is the main month for the blossoming development, which will determine the yield potential for the next season,” Cepea analyst Margarete Boteon said in a report yesterday.
Brazil may produce a record 57 million to 58 million bags of coffee in the 2012-13 season, Guilherme Braga, head of the national coffee exporters’ council, known as CeCafe, said in an interview on Sept. 28.
Rains in September were too light for new flower buds to form, Boteon said, citing unidentified agents. Dry weather jeopardized part of the first blossoming, which happened between late August and early September, according to the analyst.
The lack of water and “the heavy winter in some producing regions have affected the coffee crop,” she said. “Consequently, the first blossoming has been limited.”
Flowering of the robusta crop in Espirito Santo state, the largest grower of the variety used in instant coffee, was “satisfactory” due to irrigation systems, Boteon said.
Robusta beans for November delivery advanced $13, or 0.6 percent, to $2,021 a metric ton by 9:16 a.m. on NYSE Liffe in London. Arabica coffee for December delivery rose 2.85 cents, or 1.3 percent, to $2.294 a pound on ICE Futures U.S. in New York.
--With assistance from Lucia Kassai in Sao Paulo. Editors: Dan Weeks, John Deane.
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