Robusta prices at 29-year high: Why demand is increasing
Over the past few years, many coffee traders and roasters will have certainly noticed that the price of robusta has been steadily increasing. In October 2021, prices reached a ten-year high as a result of shipping container shortages – meaning they had risen for the sixth consecutive year.
Fast forward to June 2023, the International Coffee Organisation reported that the average price for robusta had increased by 7.8% to 132.12 US cents/lb – representing a 28-year high. As of late January 202… read more