Coffee Soars to Record $4 Mark as Supply Fears Power Rally.

Arabica coffee prices have surged to over $4 per pound in New York due to concerns about tight global supplies, doubling in price over the past year. This increase is expected to impact consumers as the cost of beans translates to more expensive coffee. Supply fears in top coffee-producing countries like Brazil and Vietnam are contributing to the rise in prices, with global stockpiles predicted to reach a 25-year low. Despite some volatility, the market remains bullish on coffee futures. [Extracted from the article]