The price for a pound of coffee (about 0.45 kg) exceeded $ 3 for the first time in 34 years price increase is caused by poor harvests of coffee varieties of Arabica and the growing demand for quality coffee from the middle class in developing countries - India, China, Indonesia and Brazil. Coffee prices in the last 7 months have doubled and are expected to further increase due to the reduction of world reserves. According to the International Coffee Organization, coffee stocks reached 50-year low, reports Lenta.ru referring to The Guardian. Coffee on the shelves may significantly increase in price, while the increase in coffee prices is not noticeable because of the low share of coffee in the price structure. The last time the price of coffee reached $ 3 per pound in 1977, when, due to frost in Brazil was a crop failure. Brazil is the largest coffee producer, accounting for about 1 / 3 of all coffee is grown in the world.
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