A shift to working from home is holding back the post-pandemic recovery of Britain’s coffee shops, data shows.
Yahoo Finance markets reporter Ines Ferre joins the Live show to break down the latest food commodity prices while inflation in energy and wages continues to impact consumers' grocery bills.
Large volumes of arabica coffee are about to enter ICE exchange warehouses, traders with knowledge of the matter told Reuters, further weighing on global prices that have already hit one-year lows. The move to replenish ICE stocks removes one of the market's last supports and may eventually provide consumers respite from high retail coffee prices which always lag moves on global commodity exchanges. ICE arabica futures have been under pressure of late on concern that global economic growth is faltering just as top producer Brazil could potentially churn out a record crop.