Crypto Miners Are ‘Literally Printing Money,’ Says Wall Street Firm DA Davidson

Reuters

Shipping disruptions to keep coffee prices high for longer, say experts

Disruptions to transportation of coffee around the world, caused by container shortages and port congestion, will likely keep coffee prices high for a longer time since they make it more difficult for the market to rebalance supplies geographically. Coffee analysts and traders said on Friday during the annual conference organized by the Swiss Coffee Trade Association (SCTA) that transportation problems are preventing available supplies from moving quickly to meet demand in some areas of the world, boosting prices for the commodity. Arabica coffee prices in New York were near the highest in seven years this week, as the market deals with the outlook of a reduced supply in top grower Brazil after drought and frosts.