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Bean Used In Instant Coffee Soars The Most Since 2011

Posted on AllSides May 22nd, 2024
From The Right

Bean Used In Instant Coffee Soars The Most Since 2011 Futures for robusta, the cheaper coffee bean grown at lower altitudes and requiring less care than more expensive arabica, jumped the most in London on Tuesday since 2011 as concerns increased over shrinking supplies from top grower Vietnam. Robusta bean prices in London closed up 6.72% on Tuesday, the largest daily increase since April 5, 2011—or more than 13 years ago. The driver has been droughts crushing production in Vietnam. Even though rains have improved the outlook, supply woes linger...

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https://zerohedge.com/markets/bean-used-instant-coffee-soars-most-2011

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