New Delhi, March 14 -- World coffee prices surged by a significant 38.8 per cent in just one year - in 2024 compared to the previous year's average - and can rise further in 2025, highlighted a new report by Food and Agriculture Organization (FAO) on March 14.

The prices reached a multi-year high in 2024, mostly driven by inclement weather that affected key coffee producing countries, the United Nations' body said, warning that if significant production and supply disruptions happen in key growing regions, the prices can rise further in 2025.

Coffee is one of the most widely consumed beverages worldwide and ranks among the most traded commodities globally. Around 25 million farmers are dependent on its production for their livelihoods; ...