'Nervousness' Ripples Across Coffee Market as Prices Hit Fresh Record Highs

Arabica coffee futures surged to record highs on Friday, fueled by the ongoing global supply crunch. The most-active contract climbed nearly 2% in late morning trading, reaching the highest price levels on record dating back to 1972. The multi-year parabolic move in coffee prices only suggests higher Starbucks and/or supermarket market prices in the months ahead if hedges fail to offset bean inflation.

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