Eco Brazil coffee bean market

Choose any market your team would like to analyze. Students should find Economics articles from the credible sources on the current trends in any market (oil, gold, coffee, chocolate, semiconductors, cars, airline industry in specific country, hotel industry in specific town/city so on). The market can be local / national / international (the team can choose any level but

keep this level consistently in the analysis). Take the articles for 2018-2022 (not earlier!). Time period for the analysis can differ from one poster to another. Students can choose the analyze the annual shifts / seasonal shifts / biannual shifts. It is important to keep the consistency in the time for the entire poster (i.e., same time frame both for demand and for supply as well as for the profit maximization analysis). Credible sources could be The Financial Times, New York Times, The Economist, Harvard Business Review, CNBC, HVS, Cornell Hospitality article so on. The information that should be reflected in the poster:

- describe the demand shifts (positive and negative) in this market for the recent years. (15

- describe the supply shifts (positive and negative) in this market for the recent years. (15 points)

- draw the graph with previous and current equilibrium in the market. What happened with equilibrium price and quantity? Show in the graph and describe. (15 points)

- are the demand and the supply elastic or inelastic in this market? Explain. Provide the calculations if possible. (15 points)

- What will happen with the revenue and profit of one player in this market after the indicated shifts? How could a company increase the profit? Explain with words and graphs. (40 points) -

- reference list (Harvard style) and team members

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Before 10/22

Topic: Brazil coffee bean market

My part : supply(blue part) (Only focus on 2019-2020)!!

Example

Some information maybe useful

	Demand	Supply
+	Increase in the price of tea  Increase of green coffee consumption Increase of home coffee consumption	When prices are high - farmers are planting more coffee Decrease in production costs (labor)
-	War  Energy crises Violation of prices Increase in import taxes	The extreme weathers destroying the coffee plants Supply chain snags

Is the product normal or inferior good? Coffee is a normal good. As incomes increase, demand increases - as incomes decrease, demand decreases 

Time period: 2019-2021

Market: Brazil

https://www.rtsinternational.com/article/brazilian-weather-impacts-coffee-exports-2021-and-beyond

 

Brazilian weather impacts coffee exports in 2021

Extreme Weather in Brazil

Over the last year, Brazil has been hit by a series of adverse weather conditions. In early 2021, drought swept the country which created a strained coffee season and low production. Then, in July and August of 2021, the main coffee-producing region was struck by an unusually bad frost leaving many of the coffee fields covered in ice.

 

Coffee production experts estimate 20% of Brazil’s coffee crops were lost because of the weather. With climate change worsening, farmers are expecting coffee production uncertainty to get worse as the number of extreme weather events increases each year.

 

Brazil is the world’s leading coffee exporter with almost double the exports of the second largest producer, Vietnam. With such a devastating impact on Brazil’s coffee production this year, the repercussions will be felt across the globe likely extending into 2023 and beyond.

https://oec.world/en/profile/bilateral-product/coffee/reporter/bra?redirect=true

In 2020, Brazil exported $5.08B in Coffee . The main destinations of Brazil exports on Coffee were Germany ($962M), United States ($939M), Belgium ($467M), Italy ($412M), and Japan ($297M).

In 2020, Brazil imported $63.8M in Coffee , mainly from Switzerland ($34.6M), France ($7.59M), Italy ($5.19M), Germany ($3.27M), and United States ($3.02M).

don’t need do the table and graph I will do by my own, just need the written part