Coffee Prices Drop 20% in Past Month
AFTER six months of rising prices,international coffee prices dropped 20%in the past month following predictionsthere will be no freezing during Brazil’snext harvest.Brazil is the world’s largest coffee producer.Its production level can dramaticallyaffect global prices. The news from Brazilcrushed hopes that a worldwide productionsurplus, which has caused low internationalcoffee prices since 1998, would subsideduring the upcoming harvest.Abundant production in Vietnam, theworld’s second-largest producer of coffee,also contributed to the low prices.
You may be interested
Chirripó National Park to reopen October 30Alejandro Zúñiga - September 28, 2020
Chirripó National Park will reopen for tourists on October 30, the National System of Conservation Areas (SINAC) announced Monday. Visitors…
Costa Rica coronavirus updates for Monday, September 28Alejandro Zúñiga - September 28, 2020
Costa Rica announced 49 new coronavirus-related deaths since Friday for a total of 861, according to official data released Monday…