London, Nov 27, 2024 (AFP) - Coffee price hits highest since 1977 on Brazil crop fears

NAMPA / AFP

2024-11-27

The price of Arabica coffee reached the highest level since 1977 in trading Wednesday on concerns of limited supplies caused by drought in Brazil this year. A pound of Arabica beans listed in New York hit 320.10 US cents, extending the commodity's rally over the past year and pushing past a nearly thirty-year high the day prior. The all-time recorded high was 337.50 US cents in 1977. Brazil, the world's largest coffee producer, faced a record-b......

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