Brazil: The High Cost of Coffee

There is still an awful lot of coffee in Brazil, but there seem to be fewer and fewer customers for it. Since the 1920s, when Brazil supplied 80% of the world's coffee, the country's share of the market has steadily declined. While warehouses are bulging with beans, stevedores in Santos and other big coffee ports nowadays lounge about playing cards. This year Brazil will probably not be able to find buyers for its allotted export quota of 18 million bags, or 37% of the world market. The main problem: an inflexible policy of too-high coffee prices and official bungling...

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