Prices for robusta coffee, historically a cheaper variety than the milder arabica beans, reached the highest levels in 12 years this week as roasters used more of a limited flow from the largest producers.
Cooxupe, the world's largest coffee cooperative and Brazil's number one exporter, said on Friday it sees this year's coffee harvests in Brazil improving after climate issues stifled recent years' crops.
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NEW YORK (Reuters) - Fewer people drank coffee in the United States during the pandemic compared to levels seen before it, although the drink remained by far the most popular in the country, according to results of a national survey released on Thursday.
FILE PHOTO: A cup of coffee is pictured on a table in the Manhattan borough of New York City, New York, U.S., November 27, 2018. REUTERS/Carlo Allegri
The survey commissioned by the National Coffee Association (NCA) found that 58% of people in the U.S. had at least one coffee the day before responding to the survey in January, versus 62% a year earlier.
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FILE PHOTO: A harvesting machine is seen at a coffee plantation in Sao Sebastiao do Paraiso, Brazil April 22, 2019. REUTERS/Amanda Perobelli
SAO PAULO (Reuters) - Brazilian authorities launched raids and issued multiple arrest warrants as part of a probe to crack down on coffee industry companies accused of evading taxes, according to prosecutors in the state of Minas Gerais on Tuesday.
Coffee cooperatives, wholesalers, coffee brokers and roasters in four Brazilian states took part in the scam, the Minas Gerais prosecutors office said in a statement, adding that their actions avoided tax collection in a total value of 1 billion reais ($178.75 million).