Coffee Prices Hit Record High amid Brazilian Drought

Coffee Beans

An ongoing drought in Brazil coupled with bad weather in Vietnam has contributed to a significant spike in the price for Arabica and Robusta coffee beans, according to reports.

Arabica beans, now selling for more than $3.44 a pound have increased more than 80% this year, and Robusta beans also hit a high in September, marking a record high for international commodity markets.

Read More