In Ukraine, the price of coffee is on record

With coffee prices rising around the world, fans of the invigorating drink will have to shell out, and the risks associated with counterfeiting are also increasing. This is reported by Bloomberg. 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 increase 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 have no choice but to raise prices. However, it is not only the weather that contributes to the increase in prices. Rising demand in markets such as China is keeping the market under pressure. There is also growing awareness that coffee traders and roasters ...