Commodities
Brazil’s Cheap Coffee Is Now Costlier Than Fancy Arabica
- Robusta coffee now costs more than type favored by Starbucks
- Poor crops and strong instant coffee demand drove prices up
Workers sift coffee beans during a harvest at a plantation in Alfenas, Brazil.
Photographer: Victor Moriyama/BloombergThis article is for subscribers only.
The world’s cheapest coffee variety is facing such enormous shortages that its beans are already more expensive than the fancy type favored by Starbucks Corp., at least in top grower Brazil.
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