2021 coffee prices reach 13-year high due to Brazilian weather, supply issues, and increased demand.

Coffee prices have surged to their highest levels in 13 years, driven by adverse weather in Brazil, supply challenges, and increased demand for high-quality beans. Arabica futures have risen 40% this year, exacerbating food inflation and affecting consumers. Major companies like JM Smucker Co. are raising coffee prices, while the European Union's new regulations may further escalate costs. Experts anticipate continued price increases into 2025, impacting low and middle-income households.

September 16, 2024
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