Coffee Prices Jump to Six-Year High as Brazilian Frost Threatens Crop
The worst frost to strike Brazil’s coffee-growing region in more than 25 years is set to cut a chunk out of next year’s crop, sending prices of the bean to six-year highs on global markets.
The cold snap is the second weather shock in recent months to strike farmers in Brazil, the world’s biggest coffee producer, threatening to drive up costs at cafes and breakfast tables around the world. Before the frost came a drought that parched the 2021 crop.
More: https://www.wsj.com/articles/coffee-prices-jump-to-six-year-high-as-brazilian-frost-threatens-crop-11627380128