Arabica Coffee Prices See Largest Weekly Jump In Nearly Three Years
April 06, 2024 at 15:45 PM EDT
As if hyperinflating cocoa bean prices and re-accelerating global food inflation weren’t enough, Arabica coffee futures hit their highest level in over a year and a half. Arabica coffee futures with May delivery jumped 12.5% on the week (the largest weekly gain since July 2021), closing at $2.12 per pound. The contract is at its highest level since early […] Source
