Coffee ETNs Surge on Pessimistic Brazilian Harvests | Page 2 of 2 | ETF Trends

Coffee cherries are collected from the April to September months, and as of August, 86% of the crop has been picked. Now, trees require rains to grow blossoms for next year’s crop, but growing regions will see 35% less than normal rainfall in September, according to Somar Meteorologia.

“Growth was too slow,” Alemar Braga Rena, retired agronomy professor at Federal de Viscosa University, said in the article. “The roots are the brain of the plant, and they were damaged by the heat and lack of water and left them unable to absorb nutrients.”

iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN

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