Reuters reveals Brazil coffee defaults spike for second year in a row


Economy

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.

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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