Coffee was first discovered by an Ethiopian goatherd. Coffee was a simple food and beverage for African tribesmen. Now, it is sold in large quantities worldwide as it is valuable in trade. All coffee exporting countries depend on coffee as the main income. Many people depend on it for their living and drink coffee a lot. In 1975, a frost killed almost half of Brazil’s coffee trees which changed the prices drastically. In 1979, frost hit Brazil again. Every tree lost result in no income for three to five years. The income loss is huge considering many trees were lost. Brazil had to stop the export of coffee. Importers bought it in bulk afraid of the shortage. Prices increased and farmers planted more coffee, when it was in abundant, the prices fell. Farmers began substituting coffee for other crops. Both producers and consumers decided to limit production and sell at an agreeable price.
(153words)
5/02/2009
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