Reported 28 days ago
Central do Cafe, a mid-sized coffee merchant in Brazil's Minas Gerais state, has temporarily suspended its operations to renegotiate debts, as revealed in a statement shared by local farmers and media. The decision follows a surge in coffee prices due to global supply shortages, impacting numerous merchants and traders. The company's closure is indefinite while it assesses its financial situation, as it continues to face challenges tied to market conditions and farmer defaults.
Source: YAHOO