Coffee is getting more expensive on the American stock exchange

Coffee: rising prices on the stock exchange

The price of May coffee futures on the New York trading floor is preparing to demonstrate weekly growth for the first time in the last six weeks, ICE Futures trading reports as of 17.46 Moscow time, the price of May coffee futures is growing by 0.1%, to $ 2.225 per pound. At the same time, coffee as a whole has risen in price by almost 0.7% over the week.

In February, coffee rose to the highest level since September 2011, exceeding the mark of $ 2.6 per pound. After reaching this record, coffee began to get cheaper, if you count for whole weeks, and the decline in value continued for five weeks in a row.

But last week, concerns came to the market about a supply shortage that could arise due to a sharp rise in fertilizer prices, including due to the escalation of the situation in Ukraine.

"Fertilizer prices are skyrocketing worldwide due to supply disruptions and production problems, and Russia's invasion of Ukraine is only exacerbating this situation," Bloomberg said in a statement.

In addition, the agency notes that coffee exports have become more complicated due to a shortage of containers, and exporters are even forced to transport coffee in huge bags, as it was 20 years ago


Post a Comment


Latest post
Coffee: rising prices on the stock exchange
15 / 11 / 23

The Difference Between Bitcoin and Ethereum: Which One to Choose?

Recently, cryptocurrencies have become popular among investors and technology enthusiasts. Two of the most well-known cryptocurrencies, Bitcoin and Ethereum, are key representatives of this new financial revolution. Both have their strengths and weaknesses, and choosing between them can be challenging.

Coffee: rising prices on the stock exchange
24 / 10 / 23

TRC20: TRON Blockchain Tokens

TRC20 is a token standard on the TRON (TRX) blockchain. Similar to Ethereum, which has an ERC-20 standard for tokens, TRON also provides its own token standard called TRC20. This standard allows tokens to be created and managed on the TRON blockchain.

Coffee: rising prices on the stock exchange
09 / 10 / 23

From rags to riches: How forex trading can change your financial future

In our modern world, more and more people are looking to change their financial situation and gain financial independence. However, instead of only dreaming of riches, many people are beginning to actively seek out opportunities to achieve their financial goals.

Interested in cooperation?

Get in touch with us

Contact Us