The price of coffee has surged to a seven-year high after freezing weather conditions in Brazil fueled fears of a global shortage. The country has been experiencing severe frosts in its coffee belt over the past week which stoked fears of lower coffee production and the subsequent increase in coffee prices.Coffee bean prices were up more than 30 per cent this week, and 60 per cent since the beginning of 2021.The New York futures price for Brazil’s higher quality coffee bean – arabica – jumped above $2 per pound on the back of a sharp fall in temperatures in Brazil’s largest coffee-producing regions – Parana, Sao Paulo and Minas Gerais. The last time, coffee prices were this high was in October 2018.
#Coffee #CoffeeBean #NewYork #Brazil #Hybiz
HyBiz Tv is India’s most watched Digital Business Channel with over One Million regular viewers. In the 11 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, promotional videos, interviews, ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country..
► Watch More Business Videos at India’s Leading online business channel http://www.hybiz.tv
► like us on Facebook: http://www.facebook.com/hybiz
► Watch More Videos on http://www.youtube.com/hybiztv
► Subscribe to HYBIZTV Channel: goo.gl/EEXqfu
►Follow us on Twitter https://twitter.com/hybiztv