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    Sudden drop in coffee prices hits Costa Rican producers

    02/26/09 12:49

    Surprise cuts in the price of coffee forced Costa Rican coffee farmers and cooperatives to sell at a loss way below their purchase costs.

    These cooperatives have paid the farmers in anticipation of a stable price, so when prices fell by more than a third, they had to shoulder the losses. This might be disastros for the industry if these cooperatives start to shut down.

    News: Centam Coffee-Price slide hits Costa Rica coffee producers | Reuters


    Tags: coffee farmers • coffee prices • coffee •
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