Brazil Arabica Coffee Beans: Brazil Becomes Top Source for ICE Exchange Coffee Inventory
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Brazil Becomes Largest Source of ICE Exchange Coffee Inventory
With Brazil beginning to provide high-quality semi-washed processed Arabica coffee beans to the ICE Exchange last year, Brazil became the largest source country for exchange coffee inventory in March 2021, surpassing Honduras, which had held the top position for many years.
Due to mechanized harvesting, Brazil has long supplied the coffee market with large quantities of low-cost Arabica coffee beans. Until the end of 2019, Brazilian semi-sun-dried processed coffee beans could not become part of the exchange inventory. The ICE Exchange revised its rules in 2013, allowing semi-washed processed coffee beans to be certified and enter warehouses according to the exchange's contractual quality requirements for washed processed coffee beans.
Since Brazil began providing semi-washed coffee beans to the exchange last August, the quantity and proportion of Brazilian coffee beans in exchange inventory have continued to increase. According to coffee bean inventory data provided by the ICE Exchange on January 22 this year, Brazilian semi-washed processed coffee beans already account for over 35% of ICE warehouse inventory, becoming the second-largest inventory source country after Honduras.
According to the latest coffee bean inventory data provided by ICE as of March 30, Brazilian coffee bean inventory stood at 871,604 bags, while Honduran coffee bean inventory was 772,166 bags (60 kg per bag). Brazil has become the largest coffee bean inventory source country for the ICE Exchange, exceeding Honduran Arabica coffee bean inventory by 11.4%.
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