The Exotic Bean

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Coffee prices hit a 10-year high, rising more than any other commodity this year

It’s not just the caffeine that’s making the market jittery. Coffee prices rose to a decade high on Wednesday, fueled by a shipping crunch, a spike in demand, and dry weather. The ICE Arabica coffee futures contract, which tracks the higher-quality bean, was sitting above $2.40 per pound midmorning in Europe—more than double what it… Read more »