Coffee price shocks take about a year to feed through to consumers, UN report says ...Middle East

Thanks to persistent adverse weather crimping supplies and eating into global stockpiles, raw coffee prices have been on a tear, with arabica gaining 70% on the ICE exchange last year and more than 20% so far this year.

The U.S. and the European Union are by far the world's largest coffee consuming regions.

In terms of producing countries, the UN body said prices for coffee bean growers rose 17.8% in Ethiopia, 12.3% in Kenya, 13.6% in Brazil, and 11.9% in Colombia - a far cry from gains seen on internationally traded markets like ICE.

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