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Italian coffee giant Lavazza said it had gone to great lengths to protect its market share and not pass on higher raw material costs to customers, but soaring coffee prices had eventually forced ...
Arabica coffee sold for $3.44 a pound on the global market earlier this week, beating the prior record high of $3.35 set in 1977. Coffee prices hit 47-year record high after challenging growing season
Earlier this week, the Wall Street Journal reported that raw Arabica coffee prices soared to a record high of nearly $3.44 per pound, which beat the prior record of $3.35 from 1977.
Coffee prices 1973–2022. According to the Composite Index of the London-based coffee export country group International Coffee Organization the monthly coffee price averages in international trade had been well above 1000 US cent/lb during the 1920s and 1980s, but then declined during the late 1990s reaching a minimum in September 2001 of just 417 US cent per lb and stayed low until 2004.
Food giant Nestlé, the world's largest coffee maker, said last week that it will hike prices to deal with the rise in coffee prices. Coffee drinkers are already paying more: Data from the US ...
It is organized by the Alliance for Coffee Excellence, which was founded by George Howell, Susie Spindler and Silvio Leite. [1] The Cup of Excellence has worked to fundamentally change the high quality coffee industry and has supported advances in farming and premiums to farmers that would have been impossible without it [citation needed].