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Demand Flagging as Coffee Consumption Peaks
The COVID-19 pandemic has disrupted multiple sectors in the economy. Of these, the food, beverage and accommodation services are among the most affected.
The COVID-19 pandemic has disrupted multiple sectors in the economy. Of these, the food, beverage and accommodation services are among the most affected.
Lockdowns and physical distancing policies have led to various cafés, restaurants and hotels being shuttered. Coffee demand declined, which eventually led to coffee price dropping globally.