Coffee price increase: valuations have reached their highest since 2011. It is the commodity that has experienced the greatest increases this year
A cup of coffee today it is worth like gold. This is hyperbole but it is true that the prices of this product on the markets of futures they have risen to their highest levels in 10 years. The increase is due to the difficulties associated with the supply chain, the peak of demand and the drier climate due to the global warming.
Among other things, all the major production countries (Brazil, Colombia, Vietnam and Ethiopia) are currently experiencing internal problems in one way or another (port congestion, critical political situation, adverse weather conditions). The futures contract on the Ice Arabica coffee, which traces the grain of higher quality, by mid-morning in Europe it was above the $ 2.40 per pound (about 450 grams), more than double compared to earlier this year.
Also the other term of reference, the one on Robust, the second most important futures contract to track the bean (often of lower quality but richer in caffeine) also flew past the 10-year highs that had been hit on Tuesday. In 2021 the coffee has experienced the largest price increase of any other commodity.
#price #coffee #today #highest #ten #years