Coffee prices tumbled in July, in part because soaring temperatures drove consumers to crack open cold soft drinks in place of their usual lattes and Americanos
The price of arabica, the premium variety of bean grown mainly in Brazil, slumped 9% to $1 a pound last month on the Intercontinental Exchange in New York, the biggest monthly drop since December 2016.
In May, arabica fell to as low as 88 cents, its cheapest price in more than a decade.United States Latest News, United States Headlines
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