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Coffee sector full of beans despite pandemic

Coffee sector full of beans despite pandemic

13 Sept 16:54 Key points summarised by AI
  • The global coffee sector surprisingly thrived during the pandemic, defying initial fears of a downturn due to cafe closures.
  • Increased home consumption, stable prices, and strong production yields, particularly in major exporters like Brazil, largely offset losses from out-of-home consumption.
  • Global production continued to outpace consumption for the third consecutive year, leading to a surplus that could influence future market prices.
  • Key producing nations like Brazil and Colombia benefited from higher yields and currency depreciation, boosting their earnings, while countries like Vietnam faced challenges due to lower harvests and increased shipping costs.
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