Top Coffee Trader Says Demand Faces ‘Significant Headwinds’
- Demand is unlikely to rebound as prices climbed to a record
- There are signs that Brazil’s arabica crop will be ‘subpar’
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The world’s largest coffee trader said demand is “facing significant headwinds” even as roasters have been slow to pass on price increases to consumers.
Neumann Gruppe GmbH expects consumption to remain depressed in the 2024-25 season that started in October in most countries, according to a report seen by Bloomberg. Demand is unlikely to rebound as a rally that sent futures traded in New York to a record high will force roasters to further increase the price charged to consumers.