Coffee price heats up on tight Brazil crop fears
The Peninsula
London: The price of Arabica coffee hit the highest level since 1977 on Wednesday, approaching a record high as drought in top producer Brazil this ye...
London: 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 significant concerns for 2025/2026 crops amid already tight supplies.
This is despite "significant rains" in October, leading to an "excellent flowering", according to Guilherme Morya, senior analyst at Rabobank.
He added that farmers were selling less than was needed to meet demand.
A massive blaze tore through a coastal shantytown in the Philippine capital, scorching makeshift wooden homes and spreading rapidly between the densel...
Geneva: The EU on Monday got the World Trade Organization to check whether Colombia had indeed modified its anti dumping duties imposed on imports of...
Ramallah: The Israeli occupation forces on Sunday detained three Palestinians in the central occupied West Bank. Local sources reported that the Is...
Colombo: Over 15,000 people have been affected by rain related disasters in Sri Lanka, the country s Disaster Management Center (DMC) said on Sunday....
Vilnius: A DHL cargo plane flying from Germany to Lithuania crashed early Monday near the airport of the capital Vilnius killing one person, firefight...
Washington: US President elect Donald Trump s top security advisor called on Sunday for an end to the escalation of the war between Ukraine and Russia...
Vienna: The far right won an Austrian regional election by landslide on Sunday, securing its grip on the Alpine country after a historic victory in th...
Montevideo: Uruguayans headed to the polls Sunday, with the leftist alliance of celebrated ex president Jose Pepe Mujica hoping to reclaim the count...
Manila: Raging orange flames and thick black smoke billowed into the sky Sunday as fire ripped through hundreds of houses in a closely built slum area...
Berlin: When Ali Fakhro lays out a row of pistachio filled chocolate bars in the morning at his bakery in Berlin, he knows they will be gone in a matt...
Luanda: Several thousand Angolan opposition supporters in the capital Luanda protested against the government on Saturday in the first large demonstra...