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Most coffee-growing areas in Brazil, the world’s largest producer, will have dry weather this week, according to forecaster Somar Meteorologia.
No rain is forecast for producing regions of Sao Paulo state, northern Parana and southern Minas Gerais, Marco Antonio dos Santos, an agronomist at Somar, said in a report e-mailed yesterday. Other growing areas will get only between 10 millimeters (0.4 inch) and 20 millimeters, the Sao Paulo-based forecaster said.
“The weather has gone back to being dry in the past few days,” dos Santos said, adding that the lack of rain left soil drier. Dryness this week will result in “new reductions in soil moisture,” he said.
Coffee prices may gain if the weather in Brazil remains dry “in coming months,” Goldman Sachs Group Inc. said in a report e-mailed March 28. Arabica beans traded in New York fell 20 percent in the first quarter. Reduced soil moisture has left many beans below average weight, according to Somar.
Harvesting of the 2012-13 crop in Brazil will likely start in the second week of May, dos Santos said.
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