Coffee Traders Speed Up Shipments Before EU Deforestation Law

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Coffee importers are accelerating their shipments to Europe to avoid issues after the European Union’s Regulation on Deforestation Free Products (EUDR) comes into force in December. The International Coffee Organization (ICO) reported that coffee stocks in producing countries are falling as importers rush to send beans to European countries. The EUDR, the largest market for coffee, is produced in tropical countries. There is an expectation that the EU will grant an exemption on compliance until producing countries and traders are ready to work with the new legislation. Countries like Brazil, Colombia, and Costa Rica are more prepared to work with the EUDR, while small farmers in African countries may face more difficulties.

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Source: Coffee Talk

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