JDE Peet’s Brazilian coffee shipments perk up ahead of IPO

Ags - Softs 110 Brazil 324 Colombia 64 Consumer Staples 562 European Union 590 Financing 98

JDE Peet’s initial public offering of shares comes as the coffee producer and retailer faces a challenging market for food service supplies in the wake of COVID-19 as well as falling coffee prices. The latter have dropped by 24.3% year to date while global coffee exports fell by 1.4% year over year in April. The global slide was led by a slump in exports from India and Colombia while Brazilian exports actually increased by 2.4%. The growth in shipments from Brazil was led by a rise in exports to Europe of 16.3%, which in turn was mainly down to a 52.0% surge in shipments to JDE Peet’s Eu...

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