Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Coffee Is Steaming

Rob WileMar 10, 2014, 19:13 IST

Coffee prices are up 3% this morning and 84% over the past three months, more than any other commodity.

The reason: a persistent drought in Brazil.

A snap Reuters poll of 20 analysts, traders, and producers Friday showed Brazil's coffee crop will now shrink by 10%. The world is now likely to see its first coffee deficit in five years, according to The Age.

Here's the chart:

Investing.com