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Robusta prices rise to their highest level in three decades

Dubai,6 March 6, 2024(QW):- In its latest Coffee Market Report for February 2024, the International Coffee Organization (ICO) shines a spotlight on the remarkable transformations shaping the global coffee trade. Robusta prices have surged to their loftiest peaks since November 1994, signaling a pivotal moment in the industry. Here’s a closer look at the key highlights:

Price Trends:

Market Dynamics:

Global Exports:

Production and Consumption:

Surplus Projection:

These market dynamics spotlight the resilience and adaptability of the global coffee industry as it successfully navigates the challenges posed by the ongoing COVID-19 pandemic and evolving economic conditions. The surge in robusta prices and heightened global exports exemplify the intricate interplay of factors shaping the contemporary coffee market landscape.

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