summary(COFFEE)

According to legend, an Ethiopian goatherd was munching on coffee cherries when he found his goats were feeding on it. In the past, coffee was a simple food and beverage for African tribesmen. But now, it is sold very popularly and it is ranked as one of the best value in most trades. All coffee exporting countries depend on coffee as their main source for livelihood. Many depend on coffee for survival and many people drink a lot of coffee. In 1975, a frost killed almost half of Brazil’s coffee trees which affected the prices severely. The loss became an impact and 15 million of trees were lost. Prices started to increase and farmers planted more coffee trees to recuperate the loss. After everything went well, farmers stop planting coffee and planted other crops instead. Both producers and consumers decided to limit production to what the market can absorb, have a reserve and sell at an affordable price.