Coffee futures rose to a fresh record in New York as crop concerns and US tariffs revive worries over supplies, risking further price hikes at cafes and supermarkets.
Prices of arabica, the variety favored by chains such as Starbucks Corp. for specialty brews, climbed as much as 3.4% to an all-time high of $4.3510 a pound. Futures had set the prior record of $4.2995 a pound in February on heightened fears that top grower Brazil, which was already exporting fewer beans, would be further affected by adverse weather.