Soaring coffee prices force roasters to add lower-cost beans to blends

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Financial Times 19h ago

Soaring coffee prices force roasters to add lower-cost beans to blends - Financial Times

Quick Summary:

Prices of the main ingredient used to make chocolate rocketed, leading to extreme market swings as hedge funds and other speculators scrambled to exit losing bets.

A recent cold snap in Brazil, which accounts for roughly a third of the world’s coffee production — 70 per cent of which is arabica — has sparked fears of a supply shortage.

Despite the upward pressure on prices, the coffee market is still “not as much of a wild west as the cocoa market earlier this year”, said Butler.