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Re: NY Times: Brazilís Deforestation
Although our discussion may be political it borders on relevance to the coffee market. There is no doubt that major economies have historically ignored the environment for the sake of industrial growth. But many of these countries have since evolved and have become more conscious of the consequences of unbridled industrial growth. The US and Canada controlled the logging industry by requiring the replacement of trees that are cut. Today the US is generally lifting environmental regulations for the sake of economic growth, abandoning the Paris Accord. We can easily become self-serving countries but by doing so we become self-defeating. The protection of the rain forests of South America and other forests throughout the world benefits the planet including the country who owns these forests. Unfortunately the issue is political rather than mathematical. As to coffee, if Brazil were to curtail production rather than expand it it would help the bottom line as price would become controlled by demand rather than supply as it is now. Flooding the market with coffee to exceed what consumption warrants and build up stocks unnecessarily is self-defeating imo and will have serious negative consequences for coffee farmers world-wide. I appreciate your comments and those of Stainbock.