Coffee Prices Soar to 47-Year High Amid Supply Worries

Coffee prices have surged to their highest in 47 years due to adverse weather conditions in Vietnam and Brazil, the leading producers of robusta and arabica beans. Brazil experienced its worst drought in 70 years followed by heavy rains, while Vietnam has faced three years of low output. This has led to concerns about future supply shortages, prompting companies like Nestlé to raise prices. Additionally, fears of impending tariffs are causing roasters to import coffee now to avoid higher costs later.