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Coffee prices soar to highest levels since 1997

Coffee futures in New York have surged to their highest levels since 1997, driven by concerns over crop shortages in major producing countries. Arabica coffee, known for specialty brews, climbed 3% on Monday, while robusta prices have also hit a 1970s high. These price increases are largely due to supply disruptions in key coffee-growing regions […]

Nigeria's coffee sector eyes $2bn revenue in three years
Business

Nigeria’s coffee sector eyes $2bn revenue in three years

Key participants in Nigeria’s coffee sector have claimed that the industry has the potential to earn $2 billion in the next two to three years. According to The Punch, industry insiders are eager to leverage on the expanding trend of coffee demand coming from developed economies, which supports this optimistic perspective. Nigeria exported $38.63 million worth of […]