Arabica Coffee Inventories Hit 24-Year Low
Back in May of 2022 I wrote about the plunge is coffee harvests in key growing regions and today a new headline is providing more evidence and context. Today I read an article that proves this out and should be alarming to coffee drinkers who understand supply and demand.
The article on Zero Hedge details how Arabica coffee, the premium beans we make our drinks with, as opposed to Robusta beans found in Folgers. Maxwell House etc., have dropped to their lowest levels since 1999.
John Goodwin, a senior commodity analyst at ArrowStream, told Bloomberg that the tightening supply situation is contributing to the overall bullish outlook for the bean. Despite recent rainfall in Brazil that could be favorable for the coffee crop, he said it seems “way too early” to make trades based on rain patterns, citing “still too many question marks out of Brazil and Colombia for me to believe this recent rally is already over.”
I’ll be the first to tell you that old roasted coffee is not enjoyable to drink, but green coffee stored properly and then roasted is a delight to behold, which is why I recommend storing some. My brand Brown Duck Coffee, which is sold on the sister site Harvest Eating is roasted weekly and shipped to customers that same week, providing the fresh flavor and robust taste only fresh coffee has. That said, not only do I store green coffee beans, I store roasted coffee beans, freeze-dried coffee, and even instant (yuk) coffee. That is being prepared in my book, with all angles covered.