Arabica coffee futures surged to record highs on Friday, fueled by the ongoing global supply crunch. The most-active contract climbed nearly 2% in late morning trading, reaching the highest price levels on record dating back to 1972. The multi-year parabolic move in coffee prices only suggests higher Starbucks and/or supermarket market prices in the months ahead if hedges fail to offset bean inflation.
The technology is already used on a commercial scale to produce cancer drugs Paclitaxel and Docetaxel (which contain a bioactive found in yew tree bark that Phyton Biotech makes via plant cell culture) and Elelyso, a drug used to treat Gaucher’s disease (which contains an enzyme produced by Israeli firm Protalix in carrot cell culture).
Love240 0 points 2 months ago
Every. Single. Time.