Coffee Crisis: Prices Soar to 47-Year High

[Kvex69]

Summary:

• Record Prices
  Coffee prices have surged to their highest in 47 years, driven by extreme weather in Brazil and Vietnam, the top producers of arabica and robusta beans.
• Climate Impact
  Brazil faced its worst drought in 70 years, followed by heavy rains, while Vietnam endured three years of low output, tightening global supplies.
• Supply Concerns
  Arabica prices reached $3.18 per pound, prompting major companies like Nestlé to raise consumer prices due to reduced supply.
• Tariff Pressures
  Future tariffs are adding pressure, with roasters accelerating imports to avoid higher costs later, according to trade analysts.
• Market Outlook
  Continued weather instability and trade uncertainties suggest that coffee prices may remain elevated, impacting both producers and consumers worldwide.