Coffee prices climb to near 50-year highs — and it may take years for the rally to run out of steam
Publishing timestamp: 2024-12-13 01:06:52
Summary
Coffee prices are at record highs due to drought and high temperatures, with analysts warning it could take years for prices to recover. Brazil's poor growing weather is a major concern, leading to fears of a failed crop in 2025. Companies like Nestle are raising prices to offset the impact of higher bean prices on their bottom line.
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Keywords: brazil, markets, vietnam, business news, coffee (may'23), nestle sa, food and drink, climate, coffee, china,