Roberto Samora
Campinas, Brazil (Reuters) – Rebuilding global coffee stocks may need at least a few good crops after at least a continuous deficit in supply and demand balances, coffee industry officials said at a coffee dinner and mountaintop event in Brazil on Friday.
Why it matters
Amid supply issues and flexible demand, global coffee prices hit record highs earlier this year.
Even if next season is expected to bring a lot of money in Brazil, the world’s largest producer and exporter, this may not immediately ease coffee consumers.
Key Quotes
“I think (the industry will be able to) build stocks from this year to next year. I think we need at least two good harvests,” said Luiz Fernando dos Reis, a commercial director of Brazilian coffee collaboration.
“To supplement our stock four years ago, if everything goes well, it will take at least two years of gain,” said Charles Chiapolino, director of coffee research at Louis Dreyfus Company.
“And we know how difficult it is to keep the climate consistent around the world for two consecutive years, and it is almost impossible,” Chiapolino added.
“At present, no one can build stocks with stable demand in some countries or grow in some countries,” said the CEO of Bahamon, Germany, the Colombian Coffee Growers Federation.
What’s next
Reis from Coooxupe is the world’s largest coffee co-op – says that even though Brazil produces a big harvest in the 2026/27 season, the following crops are not expected to be good as the country’s main coffee variety, Arabica, replaces the annual cycle of high and low yields.
(Reported by Roberto Samora; Writing by Andre Romani; Edited by Rosalba O’Brien)
