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You may consider drinking your coffee a little more slowly after hearing this.
The price of coffee futures on the commodities market has hit a record-high $4.30 per pound, the coffee-news website Sprudge reported on Thursday. That’s more than a 7 percent increase since the price hit over $4 about a week ago, the first time ever reaching that peak.
The reason for the substantial jump in such a short amount of time is due to panic buying, as Reuters noted earlier this week….
