Global Coffee Market Ends 2024 on a High Note: Price Surges, Export Dynamics, and Emerging Trends The International Coffee Organization’s (ICO) December 2024 Coffee Market Report revealed significant developments in the global coffee market. From historic price increases to evolving export patterns, the coffee industry closed the year with remarkable changes that are shaping its […]
2024.. A Year of Challenges and Triumphs for the Global Coffee Market The coffee market in 2024 proved to be a rollercoaster of unprecedented highs and dramatic turns, leaving an indelible mark on producers, traders, and consumers alike. Starting the year at 177 c/lb, Arabica coffee prices surged to a historic high of 348.35 c/lb
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Coffee Prices Decline as Weather Conditions Improve in Key Regions Global coffee prices experienced notable declines as favorable weather conditions eased supply concerns. On Friday, March arabica coffee contracts closed down 2.51%, while robusta coffee contracts dropped 1.74%. Rainfall Brings Relief in Brazil Brazil’s key arabica coffee-growing region, Minas Gerais, recently received 102.8 mm of
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