Starbucks pares hedging programme despite coffee market surge

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The story "Starbucks pares hedging programme despite coffee market surge" was covered 13 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 13h ago

Starbucks pares hedging programme despite coffee market surge - Financial Times

Quick Summary:

Coffee derivatives contracts held by Starbucks were worth $154mn, the lowest September value since 2020.

Starbucks has slashed its use of hedges against coffee price shocks even as the price of beans has soared, raising concerns that it may be unusually exposed to market swings.

A team based in Lausanne, Switzerland manages purchasing high-quality arabica beans under a subsidiary named the Starbucks Coffee Trading Company.