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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
.
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
.
The worsening situation of the new crown epidemic in Vietnam and the political instability in Ethiopia have also pushed up coffee beans prices
.