Reuters exclusively reported Brazilian coffee farmers are defaulting on contracts for a second straight year, failing to deliver on pre-agreed sales and exposing trade houses to losses. The defaults, less widespread than last year, have scrambled the coffee market, leaving traders reluctant to agree to forward sales for next year’s crop or the one after.
Economy
01 November 2022, 3:28 pm. 1 minute
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: South America
Countries: Brazil
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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