Coffee prices set to soar

Published



Coffee prices could rise soon as the world’s largest coffee producer, Brazil, faces its largest drought in almost a century. The Department of Agriculture has said that Brazil’s total 2021 coffee harvest is expected to drop by the biggest year-over-year amount since 2003. The estimated harvest of Brazil’s Arabica crop is looking to be 15 million 132-pound bags smaller than in 2020.

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