In April, the prices of Robusta coffee, a variety commonly used to make espresso, saw a significant increase of 17%. This marks the largest jump in coffee prices since 1979. The reasons behind this rise are attributed to the second consecutive low coffee harvest in Vietnam, which is the primary supplier of Robusta coffee, as well as drought conditions in the regions of Brazil where this variety is grown. The decrease in yields from these 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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