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Brazil Coffee Growers Hoarding Crop to Wait for Price Increase

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Aug. 17 (Bloomberg) -- Coffee growers in Brazil, the world’s largest producer and exporter, are hoarding their crops as they wait for prices to rise, the country’s National Coffee Council said in an e-mailed report.

Delays in the harvest are also reducing sales, CNC, as the council is known, said.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: Carlos Caminada at ccaminada1@bloomberg.net

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