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.
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