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Coffee Dec 21 (KC=F)

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203.35-0.05 (-0.02%)
At close: 1:29PM EDT
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  • Yahoo Finance Video

    'Breakfast is gonna get a whole lot more expensive': Futures strategist

    Blue Line Futures' Phil Streible breaks down why the price of coffee and other commodities keeps rising. 

  • Reuters

    Shipping disruptions to keep coffee prices high for longer, say experts

    Disruptions to transportation of coffee around the world, caused by container shortages and port congestion, will likely keep coffee prices high for a longer time since they make it more difficult for the market to rebalance supplies geographically. Coffee analysts and traders said on Friday during the annual conference organized by the Swiss Coffee Trade Association (SCTA) that transportation problems are preventing available supplies from moving quickly to meet demand in some areas of the world, boosting prices for the commodity. Arabica coffee prices in New York were near the highest in seven years this week, as the market deals with the outlook of a reduced supply in top grower Brazil after drought and frosts.

  • Reuters

    JDE Peet's says coffee lovers can swallow higher prices

    JDE Peet's , one of the world's largest consumer coffee companies, on Wednesday reported better than expected first-half operating profit, and said it would meet full-year targets despite a spike in green coffee prices after frost struck Brazilian crops last month. CEO Fabien Simon said green coffee prices had already increased around 20% in 2020 and that the company is also facing increases in transportation and other costs this year -- but it expects to be able to pass those increases on to consumers. "Coffee is pretty unique category in the food and beverage space where headwinds and tailwinds of green coffee are passed through, and we expect that to happen again this time around," he said.