The drought in Brazil did not cause a shortage of coffee beans.
Starbucks, the world's largest coffee chain, said that even though drought and disease hampered crops, bean prices in Latin America were still close to 2012 highs and there was no shortage of beans, Reuters reported.
"by 2015, Starbucks still needs to buy 1/3 of its coffee," Scott, chief financial officer, told analysts on a conference call on fourth-quarter and full-year 2014 results. "We don't see the dynamics of electricity supply and basic market shortages, including Brazilian supplies."
In 2014, the crop in Brazil, the world's largest coffee producer, is facing an unprecedented drought. This has led to wild swings in small-grain coffee KCC1 trading, doubling to a 26-month peak in the past three months. Prices soared again to $2.2550 a pound in September, the highest since January 2012.
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Arabica coffee futures fell to an one-month low as rain was forecast in Brazil
New YORK / London (Reuters)-ICE Arabica coffee futures fell to an one-month low on Thursday on forecasts of more much-needed rainfall in Brazil, the largest producer, and weighed down by a stronger dollar and technical selling pressure. Cocoa futures consolidated upward, while raw sugar futures held steady. ICE- December Arabica coffee futures closed down 2 cents, or 1.1%, at 1 per pound.
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Coffee experts offer tips to build Pu 'er coffee brand
On October 25, Yunnan Coffee Trading Center Co., Ltd. held the 2014 Coffee Enterprise Symposium in Pu 'er City National Pu' er Tea Product Quality Supervision and Inspection Center. At the symposium, the person in charge of the company introduced the project background, framework vision and development vision of Yunnan Coffee Trading Center, and invited Ted Linger, founder of American Fine Coffee Association and international coffee industry leader, to lead the way.
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