Summary |
According to legend, Ethiopian goatherd discovered coffee cherries. Coffee started as main intakes for African tribesmen. Coffee is on of the top in value in trade sold in large quantities worldwide as it is a popular drink. in 1975, a frost killed many coffee trees in Brazil which changed the price greatly. In 1979, frost hit Brazil again. Every tree lost result in no income for three to five years. The income lost is huge considering 15 million trees were lost. Brazil had to stop the export of coffee while importers bought more afraid of the shortage. Coffee prices increased and farmers planted more then it was in abundant and prices fell. Farmers began replacing coffee with other crops. Both producers and consumers decided to limit production to what the market can absorb, plus have a reserve and sell at and agreeable price.
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