Government will buy up supply as bumper crop is expected By Jeffrey T. Lewis and Alexandra The Wall Street Journal August 7, 2013 Brazil will buy arabica coffee beans to help prop up coffee growers' incomes as prices languish, President Dilma Rousseff said Wednesday. The purchases will be made through two programs. In one, the government will offer growers options contracts to sell as many as three million 60-kilogram (132-pound) bags of coffee at 343 reais ($149) per bag, the president said. The contracts will have a delivery date in March 2014, she said. In the other program, the government will buy coffee at a reference price of 307 reais per bag, starting immediately, Ms. Rousseff said, although she didn't give more details on that program. The agriculture ministry couldn't immediately provide more details, either. The prices are above the current 285 reais per bag that growers receive in Brazil. Global prices have also been much lower thi...