Luckin Coffee Strikes Major Coffee Deal With Brazil – CoffeeTalk

China’s Luckin Coffee Inc. has agreed to buy 4 million bags of beans from Brazil between 2025 and 2029, signaling continued demand from one of the fastest-growing markets. Brazil’s green coffee exports to China reached a record of over 1.3 million bags in 2023, according to the country’s Ministry of Development, Industry, Trade and Services. The agreement ensures the flow of beans to the Asian nation remains at elevated levels for the remainder of the decade. The deal follows a previous partnership signed in June, when the Chinese company agreed to buy 2 million bags by the end of 2024. The deal will be signed in a ceremony on Tuesday, coincident with China’s President Xi Jinping’s visit to Brazil for the G-20 summit. Other announcements involving trade between the two nations are expected during the summit this week.

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