Coffee stock in Europe's main ports drops 37.9% in one month

Published Feb 2, 2024

Tridge summary

The European Coffee Federation has reported a significant decrease in coffee stocks in major European ports, with a 37.9% drop from January to December 2023. The most significant decline was seen in natural Arabicas, which fell by 45.6%, followed by canephoras with a 43.6% drop, and washed Arabicas which fell by 22.2%. This data includes both stocks certified by the Intercontinental Exchange and off-exchange stocks.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coffee stocks in the main European ports are running out, according to data from the European Coffee Federation (ECF). The figures include stocks certified by ICE (Intercontinental Exchange, global commodities exchange), as well as off-exchange stocks. The data, provided by warehouses and ports on the continent, shows a constant decline in stocks, from 703,478 tons on January 31, 2023 to 437,059 tons (7,284,317 bags) on December 31 of the same year, a drop of 37.9% in the period. The biggest drop was in natural Arabicas (which include Brazilian semi-washed ones), calculated at 45.6% (from 237,957 t to 129,668 t). Next are canephoras, with a drop of 43.6%. Washed Arabicas fell 22.2%. The indices include the ports of the cities of Antwerp, Hamburg, Le Havre, Barcelona, Trieste, Genoa, Naples, Tallinn (Estonia), London, Felixstowe (England) and Bremen (Germany). On Thursday (1/02), Arabica, on the ICE, concluded the day with minimal gains, while Robusta retreated for the second ...

Source: Cafepoint