Historic crop loss as severe frosts hit Brazil | WHAT REALLY HAPPENED

Historic crop loss as severe frosts hit Brazil

Farmers across Brazil are reporting widespread crop loss due to severe frosts affecting the country over the past 3 weeks. After several destructive cold waves, another blast is expected over the weekend, July 24 and 25, followed by yet another at the end of the month.

The new week has begun with the already-shattered corn market in Brazil enduring yet another blow as a new cold wave swept the center-south of Brazil, bringing frosts to corn-producing states and raising fresh concerns about export volumes and contract breaches, Agricensus reports.

"It is going to be a historic crop loss," Daniele Siqueira from local consultancy Agrural told Agricensus.

On Monday, July 19, frosts hit parts of the states of Paraná and Mato Grosso do Sul, with late-planted corn areas likely affected.

The cold wave reached its peak on Tuesday, July 20 with forecasts showing potential fresh frosts in the states of Paraná, Mato Grosso do Sul, São Paulo, and Minas Gerais.

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