Coffee price heats up on tight Brazil crop fears …C0NTINUE READING HERE >>>
Brazil, the world’s largest coffee producer, faces a record-breaking drought this year.
Photo: Juan BARRETO / AFP
Source: AFP
The price of Arabica coffee hit the highest level since 1977 on Wednesday, approaching a record high as drought in top producer Brazil this year hits supplies.
A pound (453.6 grams) of Arabica beans listed in New York struck 320.10 US cents, extending the commodity’s rally over 2024.
The all-time high is 337.50 US cents, seen in 1977.
Brazil, the world’s largest…
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