TOKYO -- Global coffee bean futures are near record or recent highs, fueled by increasing demand from a growing middle class in China and the rest of Asia while some major producers appear headed for poor harvests.
Vietnam and Indonesia face weak harvests, raising pressure on retail pricing
Major coffee producing countries like Vietnam and Indonesia are forecast to have sharp drops in output this year. © Reuters
TOKYO -- Global coffee bean futures are near record or recent highs, fueled by increasing demand from a growing middle class in China and the rest of Asia while some major producers appear headed for poor harvests.