The heavy rainfall in Brazil, the world’s largest coffee producer, is driving the price increases and will likely affect the country’s 2024/25 supply. Photo by Rodrigo Capote/Bloomberg via Getty Images
Coffee is the latest commodity to fall victim to poor climate conditions, with the price of the power bean shooting up since the start of the year after heavy rainfall in Brazil and drought in Vietnam affected production.
The International Coffee Organisation (ICO) reported that the composite indicator price — the key reference price for the…
