Tridge summary
Coffee prices have hit a seven-year high due to adverse weather conditions in Brazil, the world's largest coffee producer, and a surge in coronavirus cases and vaccine access issues in Vietnam, the world's second-largest producer. The price of Robusta futures, used in instant coffee and some espresso blends, has risen by 50% since the start of the year, reaching a four-year high of $2,043 per ton.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
A raise came after a raise. Prices went up over 7 years. Due to the drought and frost events in Brazil, the world's largest coffee producer, coffee prices had reached the peak of the last 7 years. Bad news for coffee addicts came from Vietnam, the second largest country in the world. Coffee prices have increased due to the increase in corona virus cases and the problem of access to vaccines in Vietnam, the leading exporter of Robusta coffee, which is used for instant ...
Source: Gazetevatan
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