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Economics - Coffee Price Rise Questions.
Member rating: No Rating | Words: | Submitted: Thu Feb 05 2004
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ECONOMICS Coffee Price Rise Questions a) Between 1993-1994, there was an increase in the price of coffee beans, due to reports that frost had harmed up to one third of Brazil's coffee bushes. From March '93 to August '93, there was a 25% increase in the price of coffee from $800-$1000 per tonne. There was then a further 20% increase in price from August '93 to February '94 from $1000 per tonne to $1200. From February '94 to June '94, there was a huge increase in price from $1200 to over $3000 per tonne, which is a 162.5 % increase. The general trend of the graph is that the price rises. b) i) As we can clearly see from the data, Brazil were the biggest producers of coffee between 1992-1993 with 25.7 millions of 60 kilo bags. Being the largest coffee producers along with Colombia and Indonesia, when Brazil was reported to have...
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