10 Essential Commodities that Registered a Price Hike


Coffee
10 Essential Commodities that Registered a Price Hike
Each day nearly 2.5 billion cups of coffee are consumed. It is the 5th most widely traded commodity in the world. India's coffee exports for the period April to July 2011 jumped by 38 percent due to strong growth in international demand and high global prices. Reducing global supply of coffee and increasing prices of coffee has been advantageous for the Indian coffee exporters. In term of revenue, the coffee exports have increased to 1,977 crore in April to July from 1,031 crore in the same period last year.