Food & Beverage

Improved weather drives down coffee prices

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November 16, 2022

The price of coffee beans has fallen over the past month on account of improved weather in coffee growing regions, as well as a rising U.S. dollar, according to a report in The Wall Street Journal.

In the past month, prices have fallen more than 20%.

The decline reverses a months long trend, with prices reaching an 11-year high of $2.58 a pound in February.

Wet weather in Brazil, the largest exporter country, and Indonesia adversely affected supplies.