Coffee price hits highest since 1977 on Brazil crop fears
International News, Latest News, News
November 27, 2024

Coffee price hits highest since 1977 on Brazil crop fears

London, United Kingdom (AFP) – The price of Arabica coffee reached the highest level since 1977 in trading Wednesday on concerns of limited supplies caused by drought in Brazil this year.

A pound of Arabica beans listed in New York hit 320.10 US cents, extending the commodity’s rally over the past year.

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