In Brazil, coffee is one of the most important crops, particularly regarding job creation and foreign exchange. Since its introduction in the country in 1727, in the North region, the coffee cultivation is spread over much of the Brazilian territory. Over nearly 300 years, coffee production has...

The standard approach to modelling the relationship between world and producer prices of coffee does not incorporate the effects of changing government policies and market structures. These changes have led to large structural breaks in the relationship between the prices implying the standard...