Global coffee prices about to soar – WSJ ...News

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Global coffee prices about to soar – WSJ
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A bad harvest in Brazil is expected to accelerate rising costs A reduced coffee crop yield in Brazil, the world's largest grower, may cause a sharp increase in coffee prices around the world in the coming months, the Wall Street Journal reported on Sunday. According to trading data, coffee futures surged almost 90% last year after drought and frosts affected Brazilian production. Coffee prices spiked to a 10-year high in February at $2.59 a pound, and remain higher than previous years, up 18.06% year-on-year as of last week at about $2.23 a pound. Market analysts expect further price increases because of the speci

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