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Coffee prices surged to an all-time high on Friday, driven by several factors affecting the global coffee market. Arabica beans, which are primarily grown in countries such as Brazil, Colombia, Ethiopia, India, and Guatemala, are at the heart of this price increase.
In Brazil, unexpected frosts and droughts have severely impacted coffee supply, while ongoing geopolitical tensions in Colombia have added further instability to the market. Additionally, rising production costs, including transportation and labor expenses, have contributed to the price hikes. Trade uncertainties have also been heightened by the US government’s use of tariffs on key coffee-producing countries.
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