Reported about 8 hours ago
Coffee futures have surged to their highest level in over 40 years due to supply concerns, particularly regarding Arabica beans, which have increased almost 70% this year. A significant drought in Brazil and adverse weather conditions in Vietnam are exacerbating worries about output from the world's largest coffee producers. These price hikes are impacting consumers, as coffee sellers hike prices and limit discounts to maintain margins, with Nestle indicating plans to adjust their product sizes to mitigate rising costs.
Source: YAHOO