Coffee Prices Top Record as Trade and Supply Concerns Mount (2)

Coffee futures rose to a fresh record in New York as US tariffs and crop concerns keep supplies constrained, 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 4.1% to an all-time high of $4.3795 a pound. Futures had set the prior record of $4.2995 a pound in February on heightened fears that top grower Brazil would be further affected by adverse weather.

Read More: Coffee Prices Keep Climbing Due to Low Stocks, Brazil Drought

Futures are up about 50% since ...