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Global Scarcity

Top Grower Brazil’s Coffee Supplies Have Never Been Lower

  • Country’s record-low inventory highlights global woes
  • ‘Brazil may just barely have enough to serve demand’
Coffee beans from Brazil.

Coffee beans from Brazil.

Photographer: Jasper Juinen/Bloomberg

For a look at just how short the world has become on coffee supplies, consider this: Stockpiles in Brazil, the biggest producer globally, are headed for a record low.

Inventories in the South American nation may dip to just 7 million bags by March, according to Silas Brasileiro, president of the National Coffee Council. A more comfortable level is between 9 million and 12 million bags weighing 60 kilograms, analysts say.