Brazil Swamps ICE Coffee Exchange, Putting Squeeze On Small Producers
From: finance.yahoo.com
Brazil is tightening its grip on the global arabica coffee market as its beans surge into ICE Futures exchange warehouses for the first time, a move that could squeeze small producers out of the market and put pressure on benchmark prices.
The world’s top grower has long been able to supply large volumes of affordable coffee for the mass market as mechanized harvesting and cheaper processing methods keep its production costs below those of its rivals.
