Word: brazile
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Dates: during 2000-2009
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...disastrous turn in the weather has worsened Brazil's attempts to pay off its staggering foreign debt. Coffee is one of Brazil's major cash crops and a crucial source of hard currency. The country currently owes foreign banks and governments some $100 billion...
...matter how they spend the rest of the day, millions of people around the world start it off with a cup of coffee. Almost one-third of that coffee is grown in Brazil, where the worst drought of the century has recently devastated much of the crop. As a result, caffeine lovers will probably soon be forced to pay more for their morning jolt...
...time the government realized the extent of the crop failure, Brazil had only small reserves of the beans on hand. Some growers are now hoarding their supplies in hopes of higher prices, further exacerbating the shortage. Says Farmer Ribeiro: "I'm not selling for any price at the moment. For us, coffee is like gold...
...rise in coffee prices could be slowed if other coffee producers, including Indonesia, Colombia and the Ivory Coast, increase exports. The International Coffee Organization, a 75-nation cartel, will meet in London this week to discuss the world market situation in the face of Brazil's drought...
...giant's appetite for disposable chopsticks and plywood furniture has hardly abated. Log imports--second only to the U.S.'s--more than quadrupled from 1996 to 2003, according to the World Wildlife Fund. China's appetite for resources extends even to the Amazon. By the middle of next year, Brazil and Peru hope to have built a transcontinental highway that cuts straight through virgin rain forest. Why? In part, to export to China soybeans grown on recently cleared jungle land. China's dirty secret is out, and the rest of the world has little choice but to share...