Reported 2 days ago
The global coffee industry is experiencing a downturn as traders and roasters have drastically cut purchases due to a hefty 70% increase in Arabica coffee prices since November. This surge, driven by reduced production in key regions like Brazil, has left many retailers hesitant to accept high costs, leading to concerns about their business viability. While a recent poll suggests potential price drops by year-end, the current situation remains dire for many players in the coffee market.
Source: YAHOO