Coffee Prices Near 50-Year High Due to Weather
Brazil's coffee crop conditions reaching DISASTER for 2025 Arabica
By NEWSMAX & Maja Wallengren (@SpillingTheBean)—— Bio and Archives--December 4, 2024
News in Brief—News Headlines | Comments | Back To Full Article
Global coffee prices have soared to their highest in nearly 50 years due to poor weather in Brazil and Vietnam, forcing roasters such as Nestle to raise prices and consumers to hunt for cheaper brews amid the cost of living crisis.
Spiking prices will benefit farmers with the crop this year, but challenge traders who face crippling hedging costs on exchanges and a scramble to receive the beans they pre-bought. -- More...
MARKET WATCH #KC: Brazil's #coffee crop conditions reaching DISASTER for 2025 Arabica flowering across MG and even as spot prices are down there is only BAD NEWS to the market because there is ZERO recovery going to come to the Brazil crop at this point as at least 50% of… https://t.co/YHKd7cN8oV pic.twitter.com/q7CWWS4XQu
— Maja Wallengren (@SpillingTheBean) September 6, 2024
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