https://en.sputniknews.africa/20241211/exchange-prices-for-arabica-coffee-reach-new-record-high-exceeding-7500-per-tonne-1069655833.html
Exchange Prices for Arabica Coffee Reach New Record High, Exceeding $7,500 Per Tonne
Exchange Prices for Arabica Coffee Reach New Record High, Exceeding $7,500 Per Tonne
Sputnik Africa
MOSCOW (Sputnik) - Arabica has been rising in price on the world market every month from April. Its price in September reached $6,000 per tonne - for the first... 11.12.2024, Sputnik Africa
2024-12-11T10:05+0100
2024-12-11T10:05+0100
2024-12-11T14:08+0100
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Exchange prices for Arabica coffee have increased by more than 4% on Tuesday, exceeding the $7,500 per tonne mark during trading, a record high since April 1977.Volcafe Ltd, the largest trader of Arabica and Robusta coffee, has lowered its forecast for arabica production in Brazil after the company's harvest tour in the country, Bloomberg reported. Brazil, the world's largest producer of coffee beans, faced unfavorable climatic conditions, primarily drought, heat and uneven rainfall, during the flowering and development stages of coffee berries.
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brazil, coffee, prices, exchange, production, climate, latin america, international
brazil, coffee, prices, exchange, production, climate, latin america, international
Exchange Prices for Arabica Coffee Reach New Record High, Exceeding $7,500 Per Tonne
10:05 11.12.2024 (Updated: 14:08 11.12.2024) MOSCOW (Sputnik) - Arabica has been rising in price on the world market every month from April. Its price in September reached $6,000 per tonne - for the first time since September 2011. In November, the cost of arabica rose by almost 30%, and since the beginning of December it has added another 8%.
Exchange prices for Arabica coffee have increased by more than 4% on Tuesday, exceeding the $7,500 per tonne mark during trading, a
record high since April 1977.
Volcafe Ltd, the largest trader of Arabica and Robusta coffee, has lowered its forecast for arabica production in Brazil after the company's harvest tour in the country, Bloomberg reported.
Brazil, the world's largest producer of coffee beans, faced unfavorable climatic conditions, primarily drought, heat and uneven rainfall, during the flowering and development stages of coffee berries.
