Arabica Coffee Prices Soar As Analyst Warns of “Weather Disasters” Risk Denting Global Production Arabica coffee futures have soared over the past six weeks, reaching their highest level since February as traders closely monitor tightening supplies, adverse weather conditions in Brazil and other top growers, and uncertainty surrounding upcoming harvests, which has fueled a short squeeze. Arabica, the premium bean used by Starbucks, Dunkin’, and other chains, jumped as much as 6.2% to $4.21 on Monday, with momentum easing on Tuesday as $4.20 emerged as a line of resistance. Notably, futures have surged nearly 50% since early August. In a mid-August… — Continue at ZeroHedge News : Read More
