Coffee prices set to rise in short term amid supply chain disruptions

Demand continues to remain high, as harvesting and shipping issues hamper supplies

While the plantation sector anticipates huge losses due to Covid-19, coffee priaces have been on the rise due to high demand and low supply, in a trend that is likely to continue.

According to a market report by the Coffee Board of India, as on April 24, future prices based on the Intercontinental Exchange (ICE), New York, are expected to go up from Rs 188.05 per kg in May, to about Rs 191.86 in September. 

The London International Financial Futures and Options Exchange (LIFFE) price for Robusta is expected to go up from Rs 85.49 per kg in May to