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Coffee froths to new highs as Brazil frost hits crops
By AFP - Jul 25,2021 - Last updated at Jul 25,2021
In this file photo taken on August 06, 2015, a worker dries organic coffee beans produced at the Fortaleza Environmental Farm in Mococa, some 300km northeast of Sao Paulo (AFP photo)
LONDON Coffee prices surged this week to multiyear peaks, extending stellar gains this year after frost damaged crops in the world s biggest producer Brazil.
The futures price for arabica coffee, one of the South American nation s top commodity exports, soared on Friday to just over $2 a pound, the highest level since 2014.
The commodity has rocketed by a blistering 60 per cent since January.
Coffee prices froth up as frost hits crops China Daily | Updated: 2021-07-26 09:26
A man holds coffee berries at the Biological Institute plantation in Sao Paulo, on May 8, 2021. [Photo/Agencies]
LONDON－Coffee prices surged to multiyear peaks recently, extending stellar gains this year after frost damaged crops in the world s biggest producer Brazil.
The futures price for arabica coffee, one of Brazil s top commodity exports, soared to just over $2 a pound on Friday, the highest level since 2014.
The price has risen by 60 percent since January.
Lower quality robusta coffee, which is grown mainly in Asia, leapt to an October 2017 peak of $1,993 a ton, capping a near 40-percent gain this year.
Coffee froths to new highs as Brazil frost hits crops
Issued on:
25/07/2021 - 06:59 Arabica coffee soared to its highest level since 2014 CHAIDEER MAHYUDDIN AFP/File 4 min
London (AFP)
Coffee prices surged this week to multi-year peaks, extending stellar gains this year after frost damaged crops in the world s biggest producer Brazil.
The futures price for arabica coffee, one of the South American nation s top commodity exports, soared Friday to just over $2 a pound, the highest level since 2014.
The commodity has rocketed by a blistering 60 percent since January.
Lower quality robusta coffee, mainly grown in Asia, leapt to an October 2017 peak of $1,993 per tonne, capping a near 40-percent gain so far this year.
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