A small river in the middle of coffee plantations, sugar cane fields and a forest provides energy to a hydroelectric power plant in Costa Rica that feeds hundreds of computers wired up to the cryptocurrency mining business. The plant was forced to reinvent itself after 30 years because the government stopped buying electricity during the pandemic due to surplus power supply in the Central American country, where the state has a monopoly on energy distribution. "We had to pause activity for nine months, and exactly one year ago I heard about Bitcoin, blockchain and digital mining," said Eduardo Kooper, president of the family business that owns the 60-hectare farm Data Center CR and the plant.
Crude, Coffee And Copper rallied in 2021, but the real star in commodities posted triple-digit price gains
Coffee experts working for commodity trading houses are taking to the narrow, winding roads in Brazil's Minas Gerais state as they tour the coffee belt checking 2022 crop prospects just as prices approach the highest levels in 10 years. This has been a difficult year for coffee farming in Brazil, the world's largest producer. Prices surged after a drought and later frosts ruined as much as 20% of coffee trees, hitting future production.