Brazil's Coffee Stockpiles Nearly Run Dry Amid All-Time Price Highs – CoffeeTalk

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. Last year, Starbucks hiked the price of a large cup of fresh brew by 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. Prices for arabica, the most popular bean used in most ground roasted coffee, soared 70% in 2024 and nearly 20% this year to an all-time high above $4.30 per pound on February 12. Robusta, the second-most popular bean, surged 72% in 2024 and peaked at $5,847 per metric ton on February 12.

However, caffeine connoisseurs cannot kick the habit, as they may again drink more coffee than is produced globally in 2025 – for the fourth time in the past six years. Farmers in Brazil, the world’s largest coffee grower, raided their stockpiles to cash in with record exports in 2024. However, exports by Vietnam fell 17.2% from 2023 as the top robusta supplier battled bad weather last year.

Supplies only seem larger at Cooxupe, the world’s largest coffee co-op, in Brazil’s top-producing state of Minas Gerais. Coffee farmers have already sold 90% of the 2024 crop, leaving the lowest amount ever seen in their records. Big one-ton bags of arabica are taking around 70% of the space at Cooxupe’s Japy storage complex, which can hold 2.6 million 60-kg bags, the equivalent of one month’s consumption in the United States.

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