Comment / Commodity radar: They've got an awful lot of coffee (shortage) in Brazil...

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At Premium we sometimes muse that our subscription fee is the equivalent of the price of a cup of coffee per week. But after an extraordinary year in the coffee markets, with prices doubling from $1.24/lb to $2.39 today, that comparison no longer stands.

The spotlights were on Brazil in 2021, where frost and drought damaged the coffee crop. The weather story was as dramatic a narrative as any Brazilian soap opera and caught the attention of speculative funds, while the container ...