The world’s biggest roasters of coffee beans are looking to bring forward orders from top exporting nation Brazil as a hedge against coronavirus-related port disruptions.
Nestle SA, Jacobs Douwe Egberts and Keurig Dr Pepper Inc. are among buyers requesting to have some of the coffee beans they contracted shipped earlier, people with direct knowledge of the matter said, asking not to be identified because the information is private. For instance, June shipments would be sent in April and those for July in May, the people said.
While Brazilian ports are running normally, disruptions in places such as India and tight availability of containers in Uganda are prompting buyers to secure supplies quickly in case interruptions spread. Demand for accelerated coffee deliveries is widespread, with Spain and Italy the exceptions given ports there are already operating below capacity, one of the people said.