Tag: Commodity Prices

The global coffee market faces significant volatility as a ‘Super’ El Niño event strengthens, with forecasts indicating it could become the strongest in over 75 years. This climatic phenomenon is already contributing to a 15% surge in coffee prices since 2023, with further increases anticipated through late 2026 and early 2027. Consumers and businesses are bracing for potential record-high costs for their daily caffeine fix.