date:Aug 27, 2014
il said farmers may collect less than 40 million bags in 2015, creating the longest slump in three decades.
Citigroup Inc. forecast 21 August that a global production deficit may last into 2016 because of the shortfall in Brazil, which accounted for 36 per cent of world supply last year.
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Higher costs for unroasted beans will be less favourable for gross margins in the quarter ending next month, said Frances Rathke, the chief financial officer for coffee retailer Keurig Green Mou