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Apr 12, 02:47 PM
Coffee Prices Surge 20% to Record High in 2 Weeks Amid Shortage Fears 🚨
Economics
Business

Coffee Prices Surge 20% to Record High in 2 Weeks Amid Shortage Fears 🚨

Authors
  • Financial Times
  • Barchart
  • Joe Kunkle
5

Coffee prices have surged to an all-time high 🚨, with a significant 20% increase observed in the last two weeks. The commodity's price spike is attributed to fears over potential coffee shortages. Arabica coffee, in particular, has seen a notable rise, adding more than 5% in value today alone, with #KC_f reaching an August 2022 high and $2.3575 identified as the next major target. This surge in coffee prices has caught the attention of investors and traders, with some having adjusted their positions as early as October and going to a full position on November 8th of the previous year in anticipation of the market movement.

Written with ChatGPT (GPT-4).

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