South America's largest country exported an all-time high amount of 46.3 million bags of coffee last month, Agencia Brasil reported citing data from the Brazilian Coffee Exporters Council (Cecafé) made available this week.
Brazil has become the global leader in the export of at least seven food commodities, following on a report distributed by BTG Pactual to its clients this week.
Terra Forte, one of the largest Brazilian coffee exporters, has filed for bankruptcy protection in a Sao Paulo state court, lawyers for the company said. Law firm Freire, Assis, Sakamoto e Violante said Terra Forte was looking to restructure 1.1 billion reais (US$ 288.2 million) in debt.