Coffee enthusiasts can expect to pay a slightly lower rate for their favourite cup of java as retail prices of coffee beans are expected to stabilize in 2023.
reaching a seven-year high last JulyBut coffee futures, which are exchange-traded contracts on the Intercontinental Exchange , have dropped 35 per cent since February, according to Sylvain Charlebois, a professor in food distribution and policy at Dalhousie University.
"There seems to be a quite strong correlation between retail prices and coffee futures in Canada. Over time, you'd typically see a plateau." Charlebois says that low demand triggered by an economic slowdown is likely why prices have dropped, paired with an unpredictedto reach 68.5 million 60-kilogram bags, as the agricultural powerhouse sees a recovery in its plantations after a smaller-than-expected crop this year, according to Reuters.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley sees rough ride for U.S. stocks in 2023 - BNN BloombergU.S. stocks will end 2023 almost unchanged from their current level -- but will have a bumpy ride to get there, according to Morgan Stanley's Michael Wilson.
Read more »
Tax-loss selling can turn 2022 losses into 2023 gains - BNN Bloomberg2022 is a year most stock market investors will want to put behind them. But there could be a silver lining in this year’s carnage for investors who dump their dogs before the year ends.
Read more »
Environment minister says missions cap on oil and gas expected by end of 2023 | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
Company says it will launch Nanaimo-Vancouver passenger ferry in summer 2023The Vancouver Island Ferry Company’s plans call for multiple daily 70-minute sailings on two high-speed catamarans at a “cost-effective” price, with customers able to reserve seats in different classes or travel as walk-on passengers
Read more »
Bitcoin Cash: Could this 2023 development prove profitable for investors in Q4 2022St. Kitts and Nevis to adopted BCH as the legal tender in 2023 BCH could see some upside in the days to come thanks to investor optimism Bitcoin Cash [BCH] notably became less popular as the top cryptocurrencies segment became more crowded. This meant that it was at the risk of being sidelined as investors […]
Read more »