Coffee price heats up on tight Brazil crop fears
Thursday, 28 November 2024 ()
London (AFP) Nov 27, 2024
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 coffee producer, fa
London (AFP) Nov 27, 2024
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 coffee producer, fa
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