Why global coffee prices are soaring?

by Sreekumar Raghavan Adverse weather in growing regions, rising consumption in exporting countries and tight supplies have created a situation where coffee prices are witnessing record highs in futures markets.According to International Coffee Organisation (ICO), in March the monthly average of the ICO composite indicator price rose by 3.8%, from 216.03 in February to 224.33 US cents/lb,

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