A global coffee shortage is expected, with Arabica prices up 70% since November and buyers cutting deals to the bone. This is reported by Reuters.
The main reason for the price increase was a decline in production in key regions, especially in Brazil, which is the largest supplier.
This has led to an acute shortage of grains, because of which many traders refuse long-term contracts and buy only the minimum necessary volumes.
Experts note that retail chains are not ready to accept the new prices, and negotiations with roasters are dragging on.
As a result, there is already a shortage of coffee in some US supermarkets.
In addition, warehouses at US ports are only half full, and some companies are refusing to lease storage space, indicating a sharp decline in trade.
Analysts expect that if the next harvest in Brazil turns out to be bountiful, it could lead to a collapse in prices.
Until then, however, the market will face serious difficulties.
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