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Coffee Supply Concerns Drive Up Costs For A Cup Of Joe
Wednesday, July 10, 2024 - 2:40pm | 493Tighter bean supplies are leading to higher costs for coffee, that popular beverage imbibed worldwide for its awakening effect. The most-active contract for the arabica variety fell nearly 2% to $2.450 a pound in New York after rising Tuesday to the highest since early 2022, Bloomberg reported....
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Coffee: A Hot Commodity For The Next 5 Years
Tuesday, February 17, 2015 - 3:30pm | 391The International Coffee Organization released a report showing that it sees international demand for coffee rising by nearly 25 percent over the next five years, despite sagging production. A drought in Brazil combined with a fungus affecting Central American output has reduced estimates for...
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Global Demand For Coffee Expected To Hit Record Highs: Will Prices At Starbucks Rise?
Thursday, August 28, 2014 - 3:45pm | 532Coffee prices are now pushing $2 a pound. Starbucks (NASDAQ: SBUX) has more exposure to milk prices than coffee, so that morning latte won’t be getting more expensive. However, that doesn’t make coffee’s 70 percent YTD gains any less impressive. In fact, considering the...
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These Ridiculous Facts About the Coffee Industry Will Blow Your Mind
Wednesday, May 22, 2013 - 12:45pm | 128Courtesy of data from the International Coffee Organization, the folks over at FinancesOnline.com have put up a slick infographic with a bounty of interesting facts and figures about the coffee industry. The infographic details everything from the role of "coffee coyotes" -- middlemen who force...