Coffee and milk could fall in price after bumper crop of beans in Brazil

COFFEE and milk prices could fall after a bumper crop of beans in Brazil — while British cows became more productive in the warm spring.

The value of beans slumped up to 25 per cent internationally following the glut.

UK dairy production is up thanks to the weather.

And for those who love a latte or cappuccino, there’s even more good news with separate data showing the price of milk falling.

Analysts Mintec told trade journal The Grocer that milk prices could fall by 5p per four pints.

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A spokesman for the milk levy body, AHDB Dairy, said: “Deliveries are currently running 1.1 per cent above our latest forecast and 4.4 per cent above the same week last year, equivalent to 1.6 million litres per day.

“Most herds are now out on grass and favourable weather has helped to maintain yields, keeping production above forecasted levels.”

But rising demand for coffee all around Asia could prevent a large drop in retail prices.

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