They are no longer entering into new contracts amid a shortage of the robusta beans needed for the brew
Thu, Nov 03, 2016 - 5:50 AM
Brazil's domestic prices for robusta beans surged about 44 per cent this year, reaching all-time highs. That nation's crop will drop to an 11-year low of 9.4 million tonnes, the government's crop agency estimates.
BRAZIL's drought has got so bad that the country's instant-coffee makers, the world's top suppliers, are no longer entering into new export contracts amid a shortage of the robusta beans needed to make the quick brew.
Producers have stopped entering into sales commitments...