Coffee bean prices hit 2-year high as Asians drink more.


The international price of coffee beans has risen sharply as the world's biggest suppliers Brazil and Vietnam are expected to cut production in the year to the end of September 2020. Asian demand for coffee is surging.

According to the US Department of Agriculture, Indonesia's domestic consumption will rise 54percent, Vietnam's will go up 14percent and China's will increase 16percent in the five-year period to the end of September 2020. Meanwhile, popular Chinese coffee chain Luckin Coffee increased its total number of stores at the end of the third quarter ended Sept. 2019 to 3,680, representing an increase of...

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