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    Home > Food News > Food Articles > Russian media: coffee bean prices reach the highest in ten years

    Russian media: coffee bean prices reach the highest in ten years

    • Last Update: 2021-12-24
    • Source: Internet
    • Author: User
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    Russian Satellite News Agency, Moscow, December 2 According to a report by the Russian "Kommersant", affected by global supply chain issues, coupled with abnormal weather and uncertainty in the coffee- producing areas, the current price of coffee beans has reached the highest level in a decade .
     
    On November 25, the price of coffee bean futures on the Intercontinental Exchange (ICE) reached US$2.
    46 per pound, the highest point since 2011
    .
    On November 29, the coffee bean exchange price for December delivery was $2.
    34 per pound
    .
    The basic price of coffee beans established by the International Coffee Organization (ICO) on November 26 was US$2.
    07 per pound, which was 85% higher than the same period last year
    .
     
    Experts pointed out that the frost and drought experienced by Brazil this year have caused a sharp drop in local coffee production.
    The worsening situation of the new crown epidemic in Vietnam and the political instability in Ethiopia have also pushed up coffee beans prices
    .
    Supply Chain Coffee Coffee Bean Price
     
    On November 25, the price of coffee bean futures on the Intercontinental Exchange (ICE) reached US$2.
    46 per pound, the highest point since 2011
    .
    On November 29, the coffee bean exchange price for December delivery was $2.
    34 per pound
    .
    The basic price of coffee beans established by the International Coffee Organization (ICO) on November 26 was US$2.
    07 per pound, which was 85% higher than the same period last year
    .
     
      Experts pointed out that the frost and drought experienced by Brazil this year have caused a sharp drop in local coffee production.
    The worsening situation of the new crown epidemic in Vietnam and the political instability in Ethiopia have also pushed up coffee beans prices
    .
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