Numlock News: February 3, 2022 • Coffee, Salamanders, Fusion
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By Walt Hickey Coffee A drought in Brazil followed by a frost has sent prices of Arabica coffee beans spiking, with futures closing at $2.37 per pound on Tuesday. That’s up from $1.30 per pound the same time last year. Over the course of 2021 the price of Arabica beans rose 76 percent thanks to the funky weather of last year, and right now analysts are on the lookout for a La Niña weather pattern that could give an indication of how long the drought might persist. Depending on how long the high prices for the commodity last, it could start hitting consumers.
Numlock News: February 3, 2022 • Coffee, Salamanders, Fusion
Numlock News: February 3, 2022 • Coffee…
Numlock News: February 3, 2022 • Coffee, Salamanders, Fusion
By Walt Hickey Coffee A drought in Brazil followed by a frost has sent prices of Arabica coffee beans spiking, with futures closing at $2.37 per pound on Tuesday. That’s up from $1.30 per pound the same time last year. Over the course of 2021 the price of Arabica beans rose 76 percent thanks to the funky weather of last year, and right now analysts are on the lookout for a La Niña weather pattern that could give an indication of how long the drought might persist. Depending on how long the high prices for the commodity last, it could start hitting consumers.