The primary factor driving this price hike is supply concerns in the key coffee producing regions - Brazil and Vietnam - which together account for 55% and 50% of global coffee production and exports, respectively.
Additionally, low inventories in Q4 2023 and Q1 2024 also exerted upwards pressure on prices. Port congestions, shipping delays, and geopolitical unrest further aggravated supply concerns.
[
add
]
[
|
|
...
]