Coffee stocks around world deplete - prices may rise

12:34 - 20.09.2022

September 20, Fineko/abc.az. Grain stocks could reach historic lows by spring due to a drought in Brazil, the world's largest coffee supplier.

ABC.AZ reports with reference to the foreign media that by March country’s coffee stocks may be reduced to 7 million bags weighing 60 kg each.

According to export group Cecafe, stocks are so small that even if next year there will be a good harvest, Brazil will probably find it difficult to meet demand: "We just need rain".

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