According to Bloomberg this morning robusta coffee prices have fallen since the anticipated shortage in Brazilian robusta supply is not as deep as originally intended.
I have seen articles about this shortage for weeks, but the real question is “who cares?” Most coffee we drink is Arabica. Occassionally people use some amount of robusta as filler or instant coffee, but there really is no international scope to the story. Even Bloomberg acknowledges at the end of the article “Most of Brazil’s robusta is used within the country.”
Unfortunate for Brazilians, but even there the effect will not be drastic.
Bloomberg, please include more than a footnote on the skyrocketing of arabica.
Sincerely,
ManhattanRoasts
