[Publisher’s note: This is Part 1 of a short series of stories by guest author Jonas Ferraresso exploring some of the intricacies of the Brazilian coffee market and Brazil’s outsize influence on the global coffee trade. This context is essential in understanding Brazil’s pivotal role in the global coffee market. Even for someone who has never roasted, brewed or consumed a single gram of Brazilian coffee, the economic “blend” of global coffee prices still affects their cup of Colombian or Ethiopian coffee. It is Brazil’s prominent place as a coffee producer that makes speculating on Brazil’s coffee harvest a delicate issue. According to estimates from CONAB (the National Supply Company), Brazil’s coffee production reached a peak in 2020.

Source: Ethiopian News November 08, 2024 16:02 UTC