Business

COFFEE PRICES JUMP

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.

Categories: Business

Tagged as: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s