Yes everything is going to be cheaper

Monday, April 15, 2019 Francisco 0 Comments

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(Bloomberg) --

The dramatic plunge in coffee prices has gotten so bad that it’s threatening to claim its next victim: the specialty blends used by fancy coffee shops and discerning home brewers.
On the futures market, arabica coffee -- the smoother variety favored by companies like Starbucks Corp. -- is languishing near a 13-year low. Growers in Brazil, the world’s biggest exporter and producer, have expanded output and become more efficient, collecting more beans for every planted acre. The result is a huge glut that’s sent prices below break-even in many countries, sparking fear producers will leave the industry...............................................

Meanwhile in Honduras, things have gotten so bad that low prices are preventing growers from harvesting all their crop because they can’t pay pickers or cover the cost of input such as fertilizers, according to the National Association of Coffee Exporters.

when you invent some new way of doing things more efficiently who is going to benefit? first you, then all the other producers will copy you ad the benefit goes to the final client. capitalism works.

another data point from today, do you see overcapacity everywhere? i do

BERLIN (Reuters) - Lufthansa reported an operating loss of 336 million euros (£290.4 million) for the first three months of the year, hurt by rising fuel costs and overcapacity in Europe, sending its shares down 5 percent in pre-market trade.