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News in English (USA) / 10.12.2024 / 23:00

Record High Coffee Prices Trigger Concerns Among Drinkers

Coffee prices have surged to levels not seen in nearly half a century, driven by extreme drought conditions affecting major producing regions like Brazil and Vietnam. Recent reports indicate that arabica coffee beans have reached an all-time high, prompting fears of significant price hikes for coffee drinkers worldwide. The situation is compounded by tight supply and increasing costs on global markets, leading to alarming warnings for consumers about the future price of their daily brew. As the coffee crunch continues, industry analysts note a fifth consecutive year of deficits, raising questions about the sustainability of coffee consumption amidst these rising costs.
BBC.com, Bloomberg, The Guardian, Barchart, The Wall Street Journal, Marketplace, BusinessTech, Reuters, EcoWatch, Global Coffee Report