Freight costs for container-based shipping of coffee are soaring and there is little evidence that the sharp increase will ease any time soon. Prices are expected to stay near record highs for at least another 6-8 months and push delays to shipments from existing backlogs already going over a year back well into 2022, industry
NEW YORK, Aug 18 (Reuters) – The frost events that hit coffee fields in Brazil in recent weeks will cause a loss of around 4% to production in the next season, according to forecaster Tropical Research Services (TRS) in a webcast organized by Intercontinental Exchange Inc. Click here to learn more
Arabica Coffee Climbs To A 1-1/2 Week High After ICO Cuts Its Global 2020/21 Coffee Surplus Estimate Click here to read more
LIVE FROM BRAZIL – Massive damage to coffee due to frost. Click here to read more – Twitter link