Coffee Rises to Nine-Week High After Storm Slams Central America
- Nicaragua, Honduras hit by rain, wind from Hurricane Iota
- Mudslide in Nicaragua kills some workers in coffee region
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Arabica-coffee prices jumped to a nine-week high in the aftermath of damage in Central America from Hurricane Iota, the most powerful Atlantic storm in a record-setting season.
Iota barreled ashore late Monday with ferocious wind and rain, threatening to trigger landslides and cripple a region already reeling from a deadly storm two weeks ago. It made landfall along Nicaragua’s northeastern coast as a Category 4 hurricane with winds of 155 miles (249 kilometer) per hour. On Wednesday, the storm dissipated over Central America as the threat of heavy rain persisted, the National Hurricane Center said.