Reported 1 day ago
In a tumultuous November, coffee traders in Brazil grappled with $7 billion in margin calls as arabica prices soared nearly 70% to the highest in over 40 years. Major companies like Atlântica Exportação e Importação SA sought court protection to negotiate with creditors, highlighting widespread fears of financial distress within the industry. The skyrocketing costs, compounded by logistics challenges and a looming drought, have created a perilous environment for coffee producers and exporters.
Source: YAHOO