Brazil's coffee stockpiles dwindle as prices hit record highs [View all]

Source: Reuters

By Roberto Samora and Marcelo Teixeira
March 3, 2025 5:02 AM EST

Summary

• Brazil's coffee stockpile nearly depleted due to drought and high global prices
• Farmers sold most of 2024 crop, leaving low inventory levels
• Roasters face challenges as coffee prices soar, quality may decline

GUAXUPE, Brazil, March 3 (Reuters) - In a Brazilian coffee warehouse usually stuffed with a quarter of a million bags of the aromatic bean, voices echo in the largely empty space at a large producers' cooperative.

Reeling from one of the worst droughts on record, Brazil's coffee farmers have sold almost all their beans months before the new crop as global prices have nearly doubled to all-time highs in the past 14 months.

Consumers waking up to smell the coffee were jolted last year as Starbucks hiked the price of a large cup of fresh brew about 16% to as much as $3.85. Nespresso coffee-pod subscribers will soon pay up to $1.45 per basic pod, up from $1.30.

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Read more: https://www.reuters.com/markets/commodities/brazils-coffee-stockpiles-dwindle-prices-hit-record-highs-2025-03-03/