“Exchange prices for coffee rose, and Arabica prices rose to the highest level since 2011.”, — write: www.epravda.com.ua
Exchange prices for coffee rose, and Arabica prices rose to the highest level since 2011.
About this informs Bloomberg.
December Arabica futures on the key exchange rose to $2.68 a pound, the highest since 2011.
Robusta prices have also been rising for more than a week, jumping 3% on Monday, September 16.
It is reported that since the beginning of the year, the price of Arabica grains has already increased by 40%.
Coffee prices are accelerating on fears of a bad harvest in Brazil, the world’s largest supplier of coffee beans. The country is wrapping up its 2024-2025 harvest, and it is already clear that extended periods of drought have taken a toll on plantations.
We will remind:
Coffee is growing in price as supplies dwindle and weather worsens in Brazil.