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Arabica coffee prices have skyrocketed as worries mount over Brazil’s coffee crop, with unpredictable weather wreaking havoc on production levels. Analysts predict that the market will remain volatile, urging traders to keep a keen eye on the unfolding situation in this crucial region.
Coffee prices are receiving support amid concerns over below-normal rainfall in Brazil, a key player in global coffee production. Reduced precipitation threatens crop yields, prompting traders to keep a close watch on weather patterns that could impact supply.
