Summary- Coffee

According to legend, coffee became more popular as people rely upon coffee as a source of income, livelihood and uncounted millions down it by the potful. Nearly half of the coffee trees have been damaged, retail prices are also sent into orbit. Frost hit southern Brazil, the loss of a single tree means the loss of income for three to five years it takes to replace it. Damaged and uneasy importers have been suspended for all shipments to prevent shortage and went on a buying spree. Long periods of low prices, short periods of high ones. When prices rose occur, farmers rush in to plant. Prices fall when overproduction. Farmers tear up their plants and put in more stable crops. Thus, disruption in coffee supplies occurs. They came out with a solution, limit output to what the market can absorb, sell at prices reasonable to both sides. They imposed a quota system.

(149 words)