Coffee prices increased significantly
Arabian coffee prices rose 7.2 percent in one week in the US commodity market for the March deadline – Világgazdaság Online wrote.
According to the data of Investing.com; yesterday, the traders gave 116.45 USD for a pound of coffee (0.45 kilograms). The Arabica’s main production area is Brazil, including the Minas Gerais region, in the Belo Horizonte region. Here only quarter of the historical average rain has fallen recently. Approximately 70 percent of the world’s coffee production is produced from this type of coffee, the other part is robusta. (vg.hu)
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