IPFS News Link • Inflation
This Next Bean Is Hyperinflating, And It's Not Cocoa
• Zero HedgeThis comes as poor harvests in Vietnam, the world's second-largest producer of robusta beans, fuels concerns about global shortages. Also, arabica futures are erupting.
Futures for robusta, the cheaper coffee bean grown at lower altitudes and requiring less care than more expensive arabica, are up 2.6% to $3,945 per ton, a new record high based on data going back to 2008.