Brazil drought puts froth on coffee prices


The morning caffeine hit is about to get more pricey as drought in top producer Brazil has sparked fears of a global shortfall of coffee this year, sending the price of beans soaring. Coffee prices hit their highest point in two years in New York, with Arabica beans due for delivery in May fetching 203.75 cents per pound, more than double that of the 100.95 cents per pound in November. The worst …

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