Brazilian Coffee Farmers Hold Back Record Harvest, Squeezing Global Supply
Brazil has recorded a bumper coffee harvest that traders expected to ease a global supply crunch, but farmers in the world's top coffee-growing nation are in no hurry to sell their beans. The reluctance to offload stocks is squeezing supplies in consuming countries and keeping prices elevated. Coffee traders are caught between optimism over the record crop size and frustration at the slow pace of sales from Brazilian growers.
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