Coffee could become more expensive and harder to find. Heavy rains in Brazil washed away about 20% of the coffee cherries, and part of the remaining crop was damaged by waterlogging and mold.
The biggest buyers of these beans include Lavazza, Starbucks, Illycaffe, and others. Normally, 30–35% of the beans meet ICE exchange standards, but this year that share could fall to 10–15%.
As a result, arabica futures have already climbed about 35% since June.
@typespace_ai
The biggest buyers of these beans include Lavazza, Starbucks, Illycaffe, and others. Normally, 30–35% of the beans meet ICE exchange standards, but this year that share could fall to 10–15%.
As a result, arabica futures have already climbed about 35% since June.
@typespace_ai