Frost concerns in Brazil drive Arabica coffee futures up 5%
Monday, 12 August 2024
Arabica coffee futures have surged by 5%, reaching $2.44 per pound, as concerns over supply intensify following reports of mild frost in key coffee-producing regions of Brazil. Although the current frost is not immediately harmful to crops, it has heightened market caution, reflecting the potential impact on Brazil’s coffee output and the broader coffee industry. […]
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