London, Nov 27, 2024 (AFP) - Coffee price heats up on tight Brazil crop fears

NAMPA / AFP

2024-11-27

The price of Arabica coffee hit the highest level since 1977 on Wednesday, approaching a record high as drought in top producer Brazil this year hits supplies. A pound (453.6 grams) of Arabica beans listed in New York struck 320.10 US cents, extending the commodity's rally over 2024. The all-time high is 337.50 US cents, seen in 1977. Brazil, the world's largest coffee producer, faced a record-breaking drought this year which has raised signifi......

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