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Global coffee trade grinding to a halt, hit hard by brutal prices hikes
Global coffee traders and roasters have significantly reduced their purchases due to a sharp 70% increase in Arabica coffee prices since November. This surge is attributed to lower production in key regions like Brazil. Retail negotiations are strained, with some supermarket shelves facing shortages, while storage companies return silos due to low volumes.
Global coffee traders and roasters have significantly reduced their purchases due to a sharp 70% increase in Arabica coffee prices since November. This surge is attributed to lower production in key regions like Brazil. Retail negotiations are strained, with some supermarket shelves facing shortages, while storage companies return silos due to low volumes.
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