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Coffee price heats up on tight Brazil crop fears

Terra Daily Thursday, 28 November 2024 ()
Coffee price heats up on tight Brazil crop fearsLondon (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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