Brazil Crops Shrivel as Amazon Dries Up to Lowest in 47 Years – Bloomberg.com

Drought in Brazil, the world’s biggest producer of coffee, sugar and oranges, is harming crops and drying the Amazon River to its lowest in 47 years.

Sugar rose to the highest price in seven months in New York today and has jumped 29 percent this month because of concern the South American drought threatens global supplies. Orange juice gained 15 percent this month and coffee soared 33 percent this year. The dry weather will persist at least until mid- October, said Willians Bini, a meteorologist at Sao Paulo-based weather forecaster Somar Meteorologia.

via Brazil Crops Shrivel as Amazon Dries Up to Lowest in 47 Years – Bloomberg.com.

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