Link: EXCLUSIVE: World Coffee Stocks Fall by 3.628 Mln Bags in Key Import Ma
Data compiled by SpillingTheBeans in this exclusive report shows total stocks in the three markets have fallen by a stunning 3.628 million bags in the last 14-15 month-period between Sep 30-Nov 30, 2021 – where stocks were down by 2.122 mln bags in Europe, 295,000 bags in Japan and 1.211 million bags in the U.S. to a combined figure of 21.858 mln bags – and marking a drop of 14.2% from total green coffee stocks of 25.486 million bags held in importing ports in these three markets between Jul 31-Aug 31 of 2020. Figures are as follows;
–U.S. green coffee stocks fell 2.2% to 5.843,721 bags by Nov. 30th, down 132,386 bags from stocks of 5,976,107 on Oct. 30th and down 3% from stocks of 6,022,923 on Sep. 30th. Year-on-Year figures were not available. Stocks have gradually been falling from last year’s high of 7,054,349 bags by the end of July, 2020, with Nov end-stock numbers down 17.2 percent from Jul. 31, 2020.
–Japan green coffee stocks to Sep. 30th down 5.9% to 2,693 million 60-kg bags from year-ago, and down 9.9% in a 14-month low from 2.988 mln bags July 31 last year.
–European green coffee stocks down 11.6% on year to 13.322 million 60-kg bags by Oct 31 and near 19-month low for European stocks of 12.937 mln bags registered by Mar 31, 2020.
–This is down 1.755 million bags from 15.076 mln bags a year ago, according to figures in the European Coffee Federation’s latest report, and down by 2.122 mln bags – or 13.7% – from the 2020-high of 15.444 mln bags seen by Aug 31 last year.
–In related news, ICE certified stocks fall to 1,554,138 bags Dec.16th, down from 2,161,675 bags on Sep. 8th and follows relatively stable ICE stocks at between 1.6 million-1.606 million bags in the last few weeks. Certified stocks are by default included in total U.S. and European figures.
(For more details, all sources and background please see the story here below)
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