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Coffee futures surge on coronavirus stockpiling

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April 16, 2020

Coffee prices rallied this past month, as global lockdowns drove consumers to stock up on home supplies, according to a CNBC report.

Arabica coffee futures for May delivery jumped 15% over the last month, trading near $1.20 per pound Thursday.

The spike follows a few months of price volatility, with prices falling to 97 cents per pound on Feb. 5. On March 25, futures surged to $1.29.

For an update on the coronavirus pandemic's impact on convenience services, click here.