In April, prices for Robusta coffee, commonly used to make espresso, increased by 17%. This significant jump in coffee prices is the largest since 1979. The reason behind this rise in prices is attributed to the second consecutive low coffee harvest in Vietnam, the primary supplier of Robusta coffee, as well as drought conditions in the regions of Brazil where this variety is grown. The decrease in yields from the two major players in the coffee market comes at a time when there is a growing demand for coffee, particularly in Asian countries.
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