In April, prices for Robusta coffee, the primary type used to make espresso, increased by 17%. This significant jump in coffee prices is the largest since 1979. The reason behind this rise in prices is attributed to the second consecutive low coffee harvest in Vietnam, the main supplier of Robusta coffee, as well as drought conditions in Brazil where this variety is also grown. The decrease in yields from these two major players in the coffee market comes at a time when there is a growing demand for coffee, particularly in Asian countries.
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