World coffee prices have reached a 13-year high

23.11.2024 13:43 | Category World

Arabica coffee prices rose to $3 per pound, the highest since April 2011, according to data from the New York Stock Exchange.

Brazil's crop, considered the world's coffee leader, appears to have lost some potential due to the drought, with data showing a decline in Arabica production this season.Trading Economics:the

Despite recent rains in Brazil, soil moisture remains insufficient, experts say, hampering fruit development, which could jeopardize next year's crop.

According to a study by consulting firm StoneX, the coffee harvest in Brazil will be 65.6 million 60 kg bags in 2025/26, down 0.4% from the previous period reaching 40 million bags.

At the same time, global coffee exports increased by almost 12% in the 2023/24 season.

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World coffee prices have reached a 13-year high

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