Europe races to stockpile coffee before EUDR comes into effect

Published 2024년 9월 5일

Tridge summary

Europe is racing against time to import as much coffee as possible before the European Union’s Deforestation Regulation (EUDR) takes effect on December 30, 2024. This regulation imposes traceability requirements on coffee exporting countries, potentially leading to a decrease in coffee imports and a global price increase. In anticipation of a supply shortage in the first quarter of 2025, European roasters are stockpiling coffee. Meanwhile, Brazil has seen a significant increase in coffee exports to the EU, and Uganda is emerging as a key Robusta coffee supplier. Cameroon is also making efforts to meet the EUDR. However, the lack of detailed implementation guidelines from the European Commission has caused anxiety among traders.

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

Original content

Europe’s coffee supply relies heavily on millions of smallholder farmers around the world. That poses a major challenge in ensuring that every shipment complies with the European Union’s Deforestation Regulation (EUDR). Traders are racing to import as much coffee as possible into Europe before the EUDR comes into effect on December 30, 2024, according to Bloomberg. After 2024, coffee imports into Europe will be lower as coffee exporting countries must comply with traceability regulations. This could push up global coffee prices. In the first seven months of 2024, Brazil’s coffee exports to the EU increased by about 65% compared to the same period last year. Meanwhile, Uganda is emerging as an important supplier of Robusta coffee to Europe after supplies from Vietnam, the world’s largest Robusta producer, fell sharply due to dry weather. Uganda saw its coffee exports hit an all-time high, with most of its coffee going to European markets. Cameroon has also rushed to meet ...

Source: Agriculture