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On Wednesday, the global benchmark for arabica coffee — March 2025 arabica coffee futures — ended 4.6% higher on the Intercontinental Exchange (ICE) at $3.2305 per pound, after hitting their ...
Coffee beans are hitting record high prices not seen in nearly 50 years after difficult growing seasons among some of the world's top producing regions. Earlier this week, the Wall Street Journal ...
Higher coffee prices could be brewing for consumers as the global coffee market smashed a 47-year record.
Many coffee bean farmers can now live off their products, but not all of the extra-surplus trickles down to them, because rising petroleum prices make the transportation, roasting and packaging of the coffee beans more expensive. Prices have risen from 2005 to 2009 and sharply in the second half of 2010 on fears of a bad harvest in key coffee ...
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
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The ICO was a result of the five-year International Coffee Agreement (ICA) signed in 1962 at the UN in New York City. The ICA was renegotiated in 1968, 1976, 1983, 1994, and 2007 at the ICO in London. [1] The ICA administers a quota system to stabilize fluctuating coffee prices across the world between coffee producing and consuming countries. [2]
Coffee prices hit a new high Monday, the day after President Donald Trump threatened — and then reversed course on — a 25% tariff on Colombia during a spat about deportation flights from the US.