Tight supply concerns likely to affect the cost of your morning coffee

The Chinese 2022 imports are expected to increase by 5 percent to nearly 4 billion bags. In Colombia, which is the second-largest producer of coffee, the March exports declined by nearly 13 percent. This means the inventories or the supplies haven't been gained, but the demand continues to be on the stronger side, resulting in increase in price.

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Vietnam exports have seen an increase of nearly 19 percent and the strengthening US dollar nearly at a two-year high is yet another thing that is keeping the prices in control right now.

Meanwhile, in sense of Brazil's export, markets are anticipating 33.2 million bags in 2021-2022 versus 45.67 million bags in 2020-2021. So lower availability from Brazil is one of the major factors that has been supportive of prices. Closer home, India reported a growth of 42 percent in coffee exports in 2021-22.