Tuesday, August 18, 2009

summary

For African tribesmen coffee was a simple food and beverage. Now, it is sold in large quantities worldwide as one of the top in value in trade. Many people depend on it for their living and like drinking it. All coffee exporting countries depend on coffee as the main income. In 1975, a frost killed destroyed half the coffee trees. That changed the prices drastically. Brazil had to stop the export of coffee. Prices increased and farmers planted more. Coffee was in abundant and the prices fell. Farmers began substituting coffee for other crops. Both producers and consumers decided to limit production to what the market can absorb, have a reserve and sell at an agreeable price.

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