“They’ve got an awful lot of coffee in Brazil,” famously crooned Frank Sinatra. But what Ol’ Blue Eyes failed to mention is that they’ve got a lot of coffee, well, everywhere. Indonesia, Colombia, Honduras, India, Ethiopia, Peru, Uganda… It may come as a surprise to some that their daily cup of brewed bean might have started out life in Vietnam, for example, the world’s second-largest coffee producer. The Asian nation is estimated to have shipped over 10 million bags of the stuff in the second half of 2016 alone, an increase of over 10% on the same period the previous year. And this certainly fits with the global picture, which sees coffee-export levels across the board going up, and, concomitantly, stocks in coffee-consuming countries rising. In February 2017, reserves in the United States reached a colossal 6.45 million bags, the highest level since May 2003. That’s a lot of bean. Much to the delight of commodity traders, coffee is big business. According to the London-based Int… continue
from New stories by Architonic http://ift.tt/2rWt1Te
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