On February 15th, international coffee bean futures prices have been rising due to the impact of production cuts in major global production areas. According to data released by the South Korean Customs Office, in January of this year, the import price of coffee beans per kilogram increased by nearly 70% year-on-year. To alleviate the pressure of rising raw material costs, the South Korean catering industry has recently launched a “bean free coffee” beverage that replaces coffee beans with other raw materials. (CCTV Finance)
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