A cup of coffee is set to get even pricier as persistent supply disruptions push costs for premium arabica beans to the highest in 13 years.
A cup of coffee is set to get even pricier as persistent supply disruptions push costs for premium arabica beans to the highest in 13 years.
Futures surged as much as 2% to $2.6475 per pound in New York, the highest since 2011. Prices are up roughly 40% this year as shortages of the cheaper robusta beans stoke demand for the arabica variety favored by specialty chains. Continue here.
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