Coffee prices hit all-time high: what is the reason.
Coffee prices are rising rapidly, reports Bloomberg.
The coffee market is experiencing the largest price increase in the last 44 years due to supply issues from key producing regions.
The price of Arabica continues to rise and is approaching 4 dollars per pound, nearly double compared to last year.
The main reason for the rise in coffee prices is a significant shortage in Brazil, the largest producer of Arabica in the world. Supplies were intense at first, leading to a substantial reduction in stocks.
Experts from Comexin Ltda. predict a decline in the production of Arabica and Robusta in the upcoming marketing years 2025-2026.
However, there are several positive signs. An increase in the number of batches waiting for sorting on the exchange may mitigate the situation. Additionally, recent rains in Brazil may improve the condition of coffee plantations after a prolonged drought.
We remind you that Ukrainians were shown how the prices of coffee and cream have changed in supermarkets.
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