1. Falling coffee prices have impoverished many Third World economies. 2. Meanwhile for the transnational companies that dominate the global coffee economy, the slump in coffee prices is generating windfall gains. 3. Wholesale coffee prices have fallen. 4. With coffee prices badly depressed, the tea industry seemed set to become the second principal source of foreign exchange earnings. 5. Although exports are well down this year on last year, Colombia continues to enjoy a mini bonanza fueled by high international coffee prices. 6. Although the area was once considered stable and prosperous, the steep fall in worldwide coffee prices has ruined many farms and hurt the tax base of local governments. 7. Amoroso also expects first-half operating margins to be hurt by high coffee prices. 8. An end to the Brazilian labor dispute could send coffee prices lower. 9. Analysts predicted late last year that retail coffee prices would rise. |