Brazilian brew dilutes coffee value
The Dollar Business Bureau Uncertainty looms large over India’s coffee exports in the wake of falling coffee prices globally following the forecast suggesting bumper crop in Brazil and Vietnam, the two major coffee producers and exporters of the world. With coffee harvest of Brazil to be better-than-expected in the coming season, the prices in the international market are likely to move further downwards. This comes as a bad news for the Indian exporters since a high production from the two coffee majors will leave them with limited demand overseas. According to the industry players, the unexpected high production from Brazil has upset the calculations. “Brazil traditionally has harvested its coffee on a two-year cycle, between ‘on’ and ‘off’ years. Since last season ...
