Coffee prices fall precipitously on international exchanges

Coffee prices are plummeting on international commodity exchanges.
Yeniavaz.com reports that prices have fallen by 5.5% over the past week and by 16% over the past month.
On average, coffee prices have fallen by 20% compared to their peak in November.
Experts believe the price decline is due to increased productivity in coffee-producing countries and the end of panic buying by large corporate consumers. These factors have created conditions for a gradual restoration of the balance between supply and demand in the market.
Analysts believe the market shortage will gradually disappear in the coming months. As a result, coffee prices are expected to return to normal levels set for 2024–2025.
It should be noted that the record rise in coffee prices this year was primarily due to unfavorable weather conditions observed in South America and Africa. Climate change in these regions has caused a global shortage, resulting in coffee prices rising by approximately 120%. The current decline suggests that the market has entered a phase of equilibrium following this shock.
It should also be noted that the current price of Arabica coffee on the ICE exchange in New York is $3.30–$3.50 per pound (0.454 kg). In London, the price of one ton of Robusta coffee exceeds $3,500.