Coffee price hits highest since 1977 on Brazil crop fears
- The price of Arabica coffee has reached its highest level since 1977, reaching 320.10 US cents per pound today due to supply concerns from Brazil's drought.
- Brazil's drought has raised fears about coffee crop production potential for 2025/2026, impacting the world's largest coffee producer.
- Analysts have noted additional price rises due to geopolitical factors, including Red Sea shipping disruptions and possible new regulations in the European Union on deforestation.
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Coverage Details
Total News Sources0
Leaning Left10Leaning Right17Center14Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
42% Right
L 24%
C 34%
R 42%
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