The global coffee market is experiencing price surges, leading to speculation about whether coffee could become a luxury item like cocoa did earlier this year.
While Brazil is set to match its record coffee production in the coming season, predictions about potential downgrades to these estimates are causing prices to climb sharply.
Despite record production forecasts, coffee stocks have plummeted to their lowest levels, raising concerns about availability and potential price hikes in the consumer market.
As consumption of coffee nears record levels and stocks dwindle, it raises questions on future prices and whether everyday coffee will remain an affordable luxury.
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