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Long family European and American coffee merchants raise product prices
On July 29, Jin10 Data reported that due to the high temperature reducing production and other long-term factors such as Supply Chain, the futures price of coffee beans is currently at a historical high. Recently, European and American coffee manufacturers have raised the prices of their coffee products. Against the backdrop of limited global supply, the International Coffee Organization stated this month that global demand for coffee is still rising and is expected to rise by 2.2% YoY in the 2023-2024 season.