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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Total News Sources0
Leaning Left0Leaning Right1Center7Last UpdatedBias Distribution88% Center
Bias Distribution
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87% Center
C 87%
13%
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