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Date: 8 months ago   Category: Business

Ground prices: why the cost of coffee has fallen to a 12-year minimum — RT in Russian


The world prices for coffee have reached a 12-year minimum. For the first time since 2006 the cost of seeds of arabica coffee has fallen lower than $1 for pound. According to experts, it is explained by a raw materials surplus the market and depreciation of national currency of Brazil — the main producer of coffee. However, analysts believe that already by the end of the year the situation will change: adverse weather conditions in Brazil and India and also the trade wars begun with the USA — one of the main consumers of coffee — can lead to essential increase in prices.

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