📰 COFFEE PRICES HIT 47-YEAR HIGH Arabica coffee futures have soared past the April 1977 record, doubling in price over the last year due to concerns over Brazil’s crop. Even robusta beans, often used as a cheaper alternative, reached new highs due to weather issues in Vietnam. This surge could raise coffee prices for consumers, with producers already adjusting prices. The price hike is partly driven by speculation, as the next harvest could bring relief if favorable.