Reported about 11 hours ago
Coffee futures in New York have soared over 6% to a new record above $4.30 per pound, driven by limited availability and panic in the market. This marks the 13th consecutive trading session of record prices for Arabica coffee, fueled by concerns over dry weather in Brazil's coffee regions. Experts suggest that prices may continue to rise, urging coffee shops in the U.S. to adjust their pricing strategy to maintain profit margins.
Source: YAHOO