Drought weather in Brazil may exacerbate supply shortages, with Arabica coffee bean prices approaching historical highs
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Due to the worsening drought conditions in Brazil, Arabica coffee bean prices rose 0.8% on Tuesday, reaching $4.21 per pound, close to historical highs. Since August, coffee futures prices have increased by about 50%. Analysts point out that Brazil's export volume has declined, particularly shipments to the United States, which are more affected by tariffs. The La Niña phenomenon is expected to impact future coffee crops, further exacerbating supply tightness
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