Coffee surges as Brazil struggles ----------------------------------------- The price of a cup of coffee is rising as the cost of Arabica beans hits seven-year highs after severe weather and the pandemic devastated Brazilian producers. Brazil supplies 40% of the world’s coffee ----------------------------------------- Arabica coffee futures (US$ per pound) BRAZIL Brasília Paraná São Paulo Oct 2014: 2.26 1,600km 1,000 miles 1.17 Jul 2021: Frost wipes Jun 2020 0.97 Nov 2016: 1.60 Jul 27, 2021: 2.09 $ 2.00 1.83 1.50 1.00 0.50 0 2014 2015 2016 2017 2018 2019 2020 2021 ----------------------------------------- Source: Bloomberg, Reuters, Trading Economics Picture: Associated Press © GRAPHIC NEWS