GUAXUPE, Brazil – Farmers in the heart of Brazil’s coffee belt are more optimistic after rains ended a two-year drought, but the country’s growing political crisis was causing some to hold on to more beans than they normally would. The farm belt tends to take local crises in stride, with commodities like sugar, soybeans and coffee closely linked to the dollar and international prices. But recent unrest, and political upheaval stemming from investigations into Brazil’s massive corruption scandal, have caused concern in the world’s biggest coffee producer. “I’m holding on to as much of my harvest as I can,” said Domingos Bueno, 53, who said he was only selling enough coffee to buy necessities. “The future is very unclear and coffee is a safe currency.”
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Did you know?
Before roasting, some green coffee beans are stored for years, and experts believe that certain beans improve with age, when stored properly.