Arabica coffee prices hit record highs due to Brazil's expected 12.4% drop in production.

Arabica coffee futures are hitting record highs due to supply issues, particularly in Brazil, where production is expected to drop by 12.4%. This has pushed prices close to $4 per pound, doubling from last year, and causing traders to turn to cheaper alternatives like robusta. The long-term impact could alter consumer preferences and the coffee market dynamics.

2 months ago
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