The prices of soft commodities – including tea, cocoa and sugar – have jumped to multi-decade highs, boosted by supply shortages and robust demand.
The rises are set to translate into higher retail prices early next year, according to analysts. Coffee and orange juice prices have also risen to their highest level in more than a year.
The shortages – due to bad weather and a persistent lack of investment – have started to attract financial investors into soft commodities, further boosting prices.
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