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Global Heatwave Drives Up Coffee and Commodity Prices
- summary
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Heat waves scorched Southeast Asia, pushing coffee prices up 20%. Vietnam, a top robusta producer, faces drought. London robusta futures hit $4,394 a tonne. Arabica also rose.
Rubber prices spiked due to heat damage. Osaka Exchange futures reached 360.90 yen per kilogram. Natural gas surged as air conditioning demand soared. Henry Hub futures jumped 48%.
Global temperatures hit records. May was the hottest on record. La Nina could bring more heat, keeping energy prices high.
| Scores | Value | Explanation |
|---|---|---|
| Objectivity | 6 | Comprehensive reporting with in-depth analysis. |
| Social Impact | 4 | Strong social discussion, influencing some public opinion. |
| Credibility | 5 | Solid evidence from authoritative sources. |
| Potential | 5 | Very high potential to trigger larger events. |
| Practicality | 4 | Highly practical, applicable to real problems. |
| Entertainment Value | 3 | Some entertainment value, attracts a portion of the audience. |