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Brazil Coffee Growers Hoard Harvest to Await Price Increase

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Aug. 31 (Bloomberg) -- Coffee farmers in Brazil, the world’s largest grower, are hoarding part of their production to wait for price increases, an association of coffee growers said today.

The producers are speeding up the harvest, which is 75% complete, to finish before the raining season starts in September, said the National Coffee Council in an e-mailed report.

Coffee prices will likely rise in the next months, the group known as CNC 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: James Attwood at jattwood3@bloomberg.net

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