Coffee prices raise to 47-year high with Brazil’s supply concerns
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Arabica coffee futures on the ICE exchange rose by 0.2% to $3.2360 per lb by 1453 GMT, having hit their highest since 1977 at $3.3545.
Coffee prices rose on Friday to their highest in nearly half a century, buoyed by tightening supplies as next year’s crop in top grower Brazil struggles to recover fully from this year’s drought.