Luckin Coffee Deal for Brazil Beans Ensures Steady China Demand
- Asian coffee chain agrees to buy 4 million bags through 2029
- Chinese demand for Brazil’s beans increased in recent years
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China’s Luckin Coffee Inc. agreed to buy an equivalent of 4 million bags of beans from the world’s top exporter Brazil between 2025 and 2029, signaling continued demand from one of the fastest growing markets.
The love for coffee in China is relatively new, with the country only recently showing up as a major buyer in a market that has the US and Europe as top consumers. Brazilian coffee exports to China were insignificant a decade ago, but last year the Asian nation emerged as the sixth-largest market for Brazilian coffee beans.