Coffee prices broke the record for the first time in 27 years: what is the reason
Coffee is currently the most expensive in the last decade.
For the first time since 1997, futures on the most popular variety coffee arabica (Arabica) grew to a maximum.
Bloomberg writes about this with reference to trading data.
Currently, March 2025 contracts are up 3.03% and peaked at $3.11 a pound of Arabica. At the same time, trading on the stock exchange for January deliveries of another popular brand of coffee, robusta, also increased — currently 1 kg of such coffee already costs $5.327 per ton.
Experts are convinced that the main reason for the price increase to a 27-year high was the news from Brazil, which is one of the world's leading coffee exporters. Traders note that there may be a shortage of coffee beans due to crop failure and drought.
The global cost-of-living crisis has forced people around the world to switch to more budget-friendly robusta coffee beans, which has increased demand for it significantly, and…
