Coffee traders struggle to redirect shipments amid war 

Coffee traders are scrambling to redirect shipments once destined for Russia and Ukraine as trade flows collapse due to Western sanctions imposed on Moscow, followed by Kyiv’s decision to close its ports.

Russia is the fourth largest coffee importer in the world after the European Union, the United States, and Japan.

“(Trade flows) are stalling. Realistically, these contracts will have to be void. Simple as that,” said a coffee trader at a large international company in Geneva.

Russia and Ukraine together account for nearly 4% of global coffee consumption.

The two countries largely import robusta coffee beans, often used to make instant coffee. These beans are a cheaper alternative to the milder-tasting Arabica strain.

The world’s largest container shipping lines, including the three main ones – MSC, Maersk, and CMA CGM – have temporarily suspended cargo shipments to and from Russia, while ports in Ukraine have been closed since the Russian invasion.

Source: Money Times

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https://www.moneytimes.com.br/comerciantes-de-cafe-lutam-para-redirecionar-embarques-diante-de-guerra/

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