Trade aid: Why we should care
Coffee is a global commodity and the global trade in coffee is estimated at $US2 trillion.
As a result, coffee traders around the world have to be concerned about the potential for a new outbreak in Brazil.
Brazil’s National Agency for Agricultural and Food Processing (ANAP) is working on the prevention of the new virus.
“We will see what the situation is,” said ANAP spokesperson, Laura Marques.
What we know so far: The latest virus case is a new strain of H7N9 that was found in Brazil on November 21, 2018.
It is believed to have originated from a small town in Argentina, which was also the site of a cluster of H1N1 cases in October and November.
The new virus strain, H7-9-1, is currently circulating in Brazil and Argentina, and is thought to have been imported from China.
While no other cases have been reported in Argentina and Brazil, the two countries are both involved in trade in the coffee trade.
Antonio Sanches, a farmer in the northern region of São Paulo, told news.com.au that he has seen two or three cases of the virus in the past week, and has been monitoring them closely.
Mr Sanches said that he believes that the virus will infect Brazil’s coffee market.
“The more coffee you get, the more likely you are to have this virus,” he said.
According to Dr Marques, Brazil’s trade in cocoa beans is valued at $1.4 billion.
However, this is a small part of the global coffee trade and there are other commodities that are sold to Brazil.
For example, chocolate, which is also produced in Brazil, is also sold to other countries.
Mr Sanch, a coffee trader, said he believes the virus could be transferred to other parts of the world.
We are not sure whether it will spread in the other parts, but if it does, it will be an important challenge for the global supply chain.
“We are very worried.
It’s very worrying,” he added.
“We just have to keep monitoring it.”
What we do know: While there has been no confirmed cases of new cases in Brazil or Argentina, Brazil is still monitoring the virus.
Antonietta Silva, a trade specialist at the Brazilian Association of Coffee Agencies (FAPA), said that she had heard rumours that H7 has been found in a farm in the area of Sao Paolo in northern Brazil.
“There is a farm, but it’s not clear whether it’s the source or the destination,” she said.
The FAPA has sent a team of scientists to the farm to assess the situation.
Ms Silva said that the farm was the largest exporter of coffee in Brazil at the time of the outbreak, but that it was no longer operating.
“If it has been there for some time, it’s no longer a viable farm,” she explained.
Ms Marques said that, for now, Brazil remains very concerned about what is happening in Argentina.
Ms Marches, who is also the spokesperson for ANAP, said that ANAP has been in contact with the Argentine authorities to coordinate the spread of the H7NAV strain.
“As soon as we get the data, we will send an email to the Argentine Embassy to say what is going on and we will work with them to prevent a trade disaster,” she added.
A spokesman for the Argentine Foreign Ministry said the situation was not the concern of the Argentine government.
“It’s the responsibility of all countries to take all measures possible to protect their citizens from this disease,” the spokesperson said.
When does trade coffee funding end?
Trade coffee funding can end at any time, the Trade Development Board has warned.
Its president, Tony Puharich, said the decision to end the funding could have a big impact on the industry, but was made based on research.
“There are many reasons why this is a difficult decision to make,” he said.
Puhariche said the funding was a “significant investment in our country and its economy”.
“Trade coffee is one of the fastest growing markets in the world, it is the fastest-growing source of funding in the country, and our coffee producers are well-placed to benefit from the support provided through this funding.”
The move follows a review of trade coffee aid funding by the Trade Council.
The review found the support was being provided “at the expense of our trade partners, including the many coffee farmers who are currently suffering from the impact of the trade crisis”.
The report found that the funds could be spent on coffee plants and other investments to grow and produce more coffee.
Trade Development Board chief executive, Michael Poharich said the organisation would continue to invest in the coffee sector.
“Trade funds are not for investment.
They are for supporting trade partners,” he told ABC Radio National.”
We will continue to provide support to the sector and provide the assistance that our industry needs.”
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