What I know very well is that in the 2021/22 and 2022/23 arabica coffee harvests in Brazil, drought and frost have wiped out approximately 27 million bags of coffee, and that there will be a world production deficit in these next two years.


The existing stocks in the importing countries will be totally used up, so the question I have is: Will the world stocks in all countries be sufficient to fill the gap in Brazil's production deficit?