The price of coffee jumped to heights has not seen for years
Coffee futures quotes have seen an overnight increase since 2015 – origo wrote. However, this is not a big surprise when we consider that commodity prices have increased by 38 percent this year.
Coffee futures (March 2020 delivery) rose on Monday by 7 percent. There has been no such overnight rise since 2015. Nonetheless, the price of coffee today is around a 3-year high and has risen 38 percent so far this year, writes CNBC.
Overall, this year saw a spectacular rise in the coffee market, mainly due to a shortage of supply. (origo)
Related news
How much coffee does Generation Z drink?
The German coffee market is undergoing major transformation, mainly due…
Read more >Why are we paying more for our morning dose of caffeine?
I doubt that many of us can start an average…
Read more >Nescafé Espresso Concentrated Enters Europe With UK Debut
Food giant Nestlé has launched the Nescafé Espresso Concentrated range…
Read more >Related news
KSH: in April, retail turnover exceeded the same period of the previous year by 5.0 percent and the previous month by 2.0 percent
In April 2025, the volume of retail trade turnover increased…
Read more >FAO food price index fell in May
The benchmark global food price index fell in May from…
Read more >Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased…
Read more >