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Global Coffee Prices Hit Record Highs Due to Supply Shortages and Trade Tensions

  • Global Arabica coffee prices have surged to record highs above $3.60 per pound on Wednesday.
  • Brazil is facing a supply shortage, with traditional buffer stocks depleted to about 500,000 bags.
  • Sucden forecasts a fourth consecutive deficit in the global coffee market this season.
  • Farmers in both India and Vietnam are holding back sales, anticipating further price increases.
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Bias Distribution

  • 88% of the sources are Center
87% Center
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