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Today's Headlines Aécio Neves

  • Drinking Coffee Becomes Expensive when it Doesn’t Rain in Brazil

    Due to ongoing drought in Brazil, the world’s largest coffee grower (particularly the Arabica coffee beans variety), coffee futures have reached the highest level in over two years. Usually the month of October is a month that brings rainfall to the Minas Gerais region, the most important coffee growing region in Brazil. This year, however, there has been no rainfall (yet) in October meaning that the coffee beans are unable to ripe. Moreover, meteorologists estimate that the current drought will continue for at least another week.

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Latest Columns Aécio Neves

  • Coffee in Indonesia: Lower Output but Higher Earnings on Brazil Drought

    Coffee in Indonesia: Lower Output but Higher Earnings on Brazil Drought

    Brazil has been in the spotlight as recent developments in this country influence global prices of coffee and sugar. There are currently two factors at play in Brazil, the world’s leading coffee and sugar supplier. First, ongoing drought has sharply pushed up the price of coffee. Secondly, the market is hopeful that reform-minded candidate Aécio Neves wins the Brazilian presidential election in the second voting round. This has given Brazil’s currency (real) a boost against the US dollar, and thus impacted on prices of coffee and sugar.

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