Coffee prices surge to highest since 1997 on supply fears

Quick Summary:

This surge in coffee prices adds to consumer cost pressures despite an overall easing of food inflation.

Along the supply chain, sellers have raised prices and scrapped discounts to protect their margins, with warnings of more to come.

Coffee’s rally highlights how some agricultural goods are still squeezing consumer budgets even as broader wholesale food costs have pulled back from a record high set in early 2022.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaBrazilChinaJapanVietnam

Topics: Coffee Robusta Coffee prices surge Coffee prices Coffee futures

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 09:56:43 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23879610

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 8 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #84

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