RIO DE JANEIRO, BRAZIL - "This is not a time of high stocks, but they are sufficient to meet local and international industry," CECAFÉ's Nicolas Rueda said in an interview. After an abundant 2020-21 crop, "it was possible to accumulate considerable stock."
His comments allow for a better insight into a market where there is a shortage of transparent and updated data on how much Arabica coffee Brazilian producers stockpile, the Starbucks chain's favorite.
Stocks monitored by ICE Futures in the U.S. are at their lowest in 22 years.
Concerns over the condition of the Brazilian crop . . .