Experts Warn Global Coffee Stocks May Take Several Years To Rebuild And At Least Two Very Good Harvests – CoffeeTalk

Coffee industry officials have warned that rebuilding global coffee stocks may require at least two good crops due to successive deficits in the supply-demand balance. Global coffee prices reached a record high earlier this year due to supply issues and resilient demand. Despite a large harvest expected in Brazil, the world’s largest producer and exporter, this may not provide immediate relief for coffee consumers. The commercial superintendent of Brazilian coffee co-operative Cooxupe, Luiz Fernando dos Reis, stated that the industry would need at least two good harvests to replenish the stocks from this year to next year. Louis Dreyfus Company’s coffee research director Charles Chiapolino said that to replenish the stocks we had four years ago, it will take at least two years of very good harvests if everything goes well. The chief executive of the Colombian Coffee Growers Federation, German Bahamon, said that no one can build stocks with demand stable or growing in some countries.

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