In the world, coffee prices are reaching a record

Robusta coffee is still experiencing a major boom in the London market due to worsening weather conditions in Vietnam, the main exporter of this coffee variety. This increases concern about the limited global supply of grain for instant drinks, writes Bloomberg. The most active contract in London jumped 4.8% to $3,838 a metric ton, its highest since 2008. Futures have shown growth of more than 30% this year. "Weather conditions are not encouraging," say traders at London-based importer DRWakefield. "There is still concern about a possible shortage of irrigation water, which could affect next season's yields." This strain on robusta markets has also led to higher premium Arabica prices. Arabica futures in New York rose 3%, surpassing $2 a pound for the first time since December. Read also: The most expensive in the last decade — is Ukraine expecting a sharp increase in coffee prices Brokers in Brazil, the largest producer, recently reported strong demand for lower-quality Arabica, ...