Coffee prices affected by Iota storms

10:18 AM 17 November 2020

Coffee prices are under pressure again as Hurricane Iota is set to have a devastating impact on crops in key coffee growing regions. Unfavourable weather conditions could cause a more expensive brew leading to coffee prices increase. Earlier this month Central America was already hit by Hurricane Eta which devastated the region. Yesterday coffee prices rose more than 4%.

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Coffee prices rose more than 4% yesterday on Hurricane Iota threats. Source: Bloomberg

Source: Bloomberg

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