News > Coffee reserves plunge to lowest in more than two decades 

Coffee reserves plunge to lowest in more than two decades 

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.