News > Coffee reserves plunge to lowest in more than two decades
Coffee reserves plunge to lowest in more than two decades
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The Economic Times | 08/02/2022 03:31 PM | Click to read full article
Brazil currently accounts by 39% of the inventories monitored by ICE, down from as much as 55% last year. The era of expensive coffee is not going to end any time soon, judging from dwindling amounts held in reserves.
Stockpiles of high-end arabica beans, a favorite of artisan coffee shops and chains like Starbucks Corp., totaled 1.078 million bags or about 143 million pounds, according to data released Monday by ICE Futures U.S. exchange.