Starbucks Closures Can’t Stop Coffee’s Massive Rally, Here’s Why

Traders monitor Latin American flows as inventory ‘is flying’
Honduras watching for extension on measures to curb virus

A stack of burlap bags sit at the storage area of a Dinamo Inter-Agricola Ltda. coffee facility in Machado, Minas Gerais state, Brazil, on Wednesday, Feb. 28, 2018. Brazil is the world's biggest grower and exporter of the highly-prized arabica beans. Growers in Minas Gerais are optimistic for the 2018 season, as most trees enter what's typically the higher-yielding half of a biennial crop cycle.Photographer: Rodrigo Capote/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Marvin G Perez and Isis Almeida

March 23, 2020 at 11:02 PM UTC

Updated on

March 24, 2020 at 4:09 PM UTC

This article is for subscribers only.

Not even Starbucks Corp. closing most of its U.S. and Canadian locations is enough to damp coffee’s rally as potential supply disruptions outweigh demand concerns.

With more governments enacting nationwide lockdowns and many people staying home, there’s growing fears that labor and logistical interruptions will curb the flow of beans.