So large a proportion of the world's supply of coffee is raised in the Brazilian states of San Paulo and Santos that the recent revolution in that section has had an important effect on the world coffee market. Spot coffee in New York rose in July to 17.15 cents—its highest price since 1921. America has gone ahead drinking coffee as usual, but about 800,000 bags of coffee which normally would by this time have reached Santos ready for shipment here are still held in the Brazilian interior by the revolt. The present visible supply...
To continue reading:
or
Log-In
