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Arabica coffee prices 'to hit $3 a pound'
Arabica coffee prices 'to hit $3 a pound'
Arabica coffee prices are poised for a return above 300 cents a pound, with the setback to Brazil's crop, the world's biggest, from drought a "multi-year problem", a leading analyst said.
Coffee futures soar as Brazil cuts harvest hopes
Coffee futures soar as Brazil cuts harvest hopes
Coffee futures soared after Brazil slashed its estimate for its drought-hit coffee crop, saying its harvest will, for the first time since the 1990s, fall for two successive years – and may fall for a third.