Asian coffee comeback help boosts Brazil supplier
Ipanema Coffees reports a rebound in volume and price of its arabica beans
27 November 2020 - 09:33
Sao Paulo — Asia’s rapid economic recovery is shielding a major speciality coffee producer from the full brunt of the pandemic.
With markets such as Japan and South Korea emerging from the crisis before other regions, Brazil’s Ipanema Coffees has seen a sharp rebound in volume and price of its smooth tasting arabica beans, CEO Christiano Borges said in an interview. In fact, sales are tracking last year’s levels and the company is at 95% of its target for the year, he said...
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