Wed, 27 Nov 2024 11:38:44 GMT
Coffee prices rise in fears of a further drought
Coffee prices have seen a significant increase due to concerns about the future supply of coffee crops. Year-to-date, coffee prices have risen by over 72%, outperforming the S&P 500 index by nearly 50% so far this year.
Ongoing drought conditions in Brazil are raising concerns about long-term damage to the country's coffee crops, driving prices higher. Since April, below-average rainfall