Coffee addicts in South Africa are the first to be affected by rising prices

South African coffee lovers, who are among the largest consumers of this product on the continent, are feeling the effects of the shortage of Robusta beans on the price of their favorite drink, according to Bloomberg. Statistics South Africa, based in Pretoria, said on Wednesday, in a statement on its website, that instant coffee prices rose by 18% annually in May, from 14% in the previous month, and this was much higher than the annual inflation rate, which stabilized at 5.2. % during the month. Dry weather spell Prices of Robusta beans, used in instant coffee, have deteriorated as Vietnam, the largest producer, continues to face dry weather that has reduced production. Coffee bean futures have risen by more than 50% this year, and the prices of premium Arabica coffee beans have also risen. Since 2017, when the statistics agency began tracking the ...