Coffee Traders Rush to Ship Beans Ahead of EU Deforestation Law
- Bean exports to the EU have surged in July as deadline draws
- Lack of clarity on the law has left traders poorly prepared
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Coffee cargoes are flooding the European Union as traders rush to stock up on beans ahead of new environmental rules that kick in at the end of the year.
The EU’s Deforestation Regulation, or EUDR, will require importers into the bloc to prove that commodities like coffee, beef, cocoa and timber do not contribute to destroying forest land. However, a lack of clarity on the details has left many businesses inadequately prepared, making some supply disruption inevitable.