Farm Progress America, June 10, 2024

Source: Farm Progress. The original article is posted here.

Farm Progress America, June 10, 2024

Mike Pearson takes a look at a new report out by CoBank on the price of coffee.

Since 2021, many commodities saw record prices for some commodities.

The price of coffee is one exception.

The price of coffee has increased by 35 percent since 2021.

The report by CoBank reports key growing regions are creasing price volatility in coffee.

In Brazil, growers are reporting one fifth of the trees are seeing damage due to drought, disease and other issues.

In Columbia, have continued to build export markets lost during the COVID pandemic.

The surge in consumers demand has also shown producers higher prices.

The demand has been a driver of higher prices.

Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Mike Pearson, farm broadcaster and host of This Week in Agribusiness .

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