Brazil's Coffee Stockpiles Dwindle as Prices Hit Record Highs
Brazil's coffee stockpile nearly depleted due to drought and high global prices, leaving low inventory levels. Farmers sold most of their 2024 crop, months before the new crop is ready, as global prices soared 70% in 2024. Roasters face challenges as coffee prices rise, threatening quality and potentially leading to declines in taste.
- The current surge in coffee prices could spark a global shortage, exacerbating supply chain issues already affecting industries like aerospace.
- Will the record-high prices lead to a shift towards more exotic or alternative coffee beans, potentially altering consumer preferences?