Global: Coffee in Ukraine will be more expensive than gold

Coffee prices around the world are rising, so lovers of the invigorating drink will have to splurge, and the risks associated with counterfeiting are also increasing. This is reported by Bloomberg. Both premium Arabica beans and cheaper Robusta varieties are becoming more expensive due to disruptions in supplies from Vietnam to Brazil. Sellers are raising prices and giving up discounts to protect their margins, and many are warning of future hikes. Robusta grain prices have soared to their highest level since the 1970s. Higher-quality Arabica beans were the most expensive in two years earlier this month. Part of this growth is due to bad weather. Drought in Vietnam, where robusta is grown, has led to a fourth consecutive year of global shortages, and dry weather in Brazil has reduced the arabica crop as damaged trees produce smaller beans. The price gap between the two varieties is forcing companies to look for lower-quality Arabica beans to cut costs. As a result, coffee shops ...