Local Demand Drives Brazil Coffee Prices to Record Highs
Increased demand from local coffee roasters has caused the prices of arabica and robusta beans to reach record highs in Brazil, the world’s largest coffee producer.
According to a Bloomberg Businessweek report, Brazil is expected to produce 43.1 million bags of coffee this season, with more than 18 million of those bags estimated to be purchased by domestic roasters. According to the report, low-quality arabica prices are up 40 percent, while robusta prices are up 36 percent.
The full story: Bloomberg Businessweek
Nick Brown is the editorial director of Daily Coffee News by Roast Magazine. Feedback and story ideas are welcome at email@example.com.