Brazil drought jolts global coffee market
Worst drought in decades hits the world’s largest coffee producer, spurring fears of price rises globally.
Published On 21 Mar 2014
Brazil has been hit by the worst drought in decades affecting coffee farmers, who might see their production shrink to its lowest in more than 30 years.
Because of the dry spell, coffee prices all over the world could rise.
Brazil is the world’s largest producer of coffee, growing nearly 40 percent of the world’s annual supply.
Al Jazeera’s Rob Reynolds reports from a coffee farm in Minas Gerais.
Source: Al Jazeera