Starbucks, JDE Peet’s load up on Brazilian coffee as prices turn over

Ags - Softs 123 Brazil 360 Consumer Staples 687 Mexico 789 Vietnam 320

The COVID-19 pandemic has driven significant shifts in U.S. coffee consumption habits, though coffee availability has also been instrumental in driving prices and supply chain activity. Global coffee prices have fallen by 9.4% on April 6 compared to their 2021 peak on Feb. 25. While global coffee exports fell by 5.7% year over year in February there has been a marked increase in exports from Brazil and Mexico of 9.8% and 7.5% year over year respectively. The expansion in exports from Brazil has been the result of a 44.7% rise in exports linked to JDE Peet’s and a 44.6% rise in shipments ...

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