Brazil’s coffee farmers are reportedly hoarding supplies after a surge in exports in Q4’20 and ahead of weaker expected harvest conditions. Official data shows Brazil’s exports climbed 38.7% year over year in December with global coffee shipments up by just 4.4% as a result of lower exports from Colombia and Vietnam. The major coffee buyers face a difficult choice as the Brazilian coffee rush slows down. Brazilian exports linked to Starbucks climbed 58.3% year over year in December while those linked to JM Smucker increased by 23.5%.
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