Coffee Shortage Spurs Brazilian Traders to Send Beans to London bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Brazilian exporters are rushing to ship coffee to Europe as a global shortage of the type of beans used in instant drinks sent prices soaring in Londo.
The most important data point used to gauge the health of the U.S. coffee industry has suddenly gone dark, giving an added advantage to the biggest trading houses and roasters.
Data tracking the amount of coffee parked in warehouses at American ports – which helps analysts, traders and cafe owners alike judge supply and demand – was suddenly pulled from the market earlier this month.
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