Coffee bean prices in New York have recently surpassed $4 per pound. This was due to concerns from investors regarding the potentially poor harvest of Brazilian crops, which could be affected by unfavorable weather conditions.
"Coffee prices have risen as investors are concerned that drought in Brazil could negatively impact yields," noted an expert.
This situation has caused a certain tightness in the coffee market and led to an increase in demand for production. According to analysts' forecasts, prices for Arabica beans may continue to rise if weather conditions in Brazil do not improve.
