- Thread Author
- #1
Commodity Markets in Turmoil
Global coffee prices have surged to a 45-year high,with benchmark arabica futures more than doubling over the past year. The spike is driven by severe supply shortages in top producers Vietnam and Brazil, caused by extreme drought and damaging rains.
Consumers worldwide are expected to face significantly higher prices for roasted coffee and espresso-based drinks in the coming months.
Global coffee prices have surged to a 45-year high,with benchmark arabica futures more than doubling over the past year. The spike is driven by severe supply shortages in top producers Vietnam and Brazil, caused by extreme drought and damaging rains.
Consumers worldwide are expected to face significantly higher prices for roasted coffee and espresso-based drinks in the coming months.