by The Chicago Times Staff

July 13, 2021

CHICAGO (CBOT) — Coffee prices may soon rise as Brazil, the world’s largest coffee producer, suffers from the worst drought in nearly a century.  Brazil’s total coffee harvest in 2021 is expected to drop by the most since 2003, according to the Department of Agriculture.  Brazil’s Arabica crop is expected to yield 15 million 132-pound bags less than expected in 2020.