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The price of coffee has risen to a four-year high

Coffee has risen significantly amid declining supplies from Brazil and logistical problems in Colombia.

Arabica coffee prices are at a four-year high due to reduced supplies from Brazil and logistical problems in Colombia.
This was reported by Trading Economics on Thursday, May 27.

In particular, the value of the contract on the US stock exchange ICE in July rose to a maximum of $ 1,572 per pound since the end of 2016, before falling to $ 1.55.

According to the publication, the drought in the largest coffee-producing countries has led to lower yield forecasts for this season, as well as risks to the harvest in 2022.
In addition, exports from Colombia, the second largest exporter of Arabica, have been hampered by anti-government protests and road closures.