Coffee prices hit record high after bad weather
1 month ago

Coffee prices hit record high after bad weather

ABC  

Global coffee bean prices have soared to their highest level in nearly half a century due to bad weather in major coffee growing regions. Brazil, the world's largest coffee producer, faced a record-breaking drought this year, which has raised significant concerns for incoming crops amid already tight supplies. Meanwhile, in Vietnam, which produces some 40 per cent of the robusta beans typically used to make instant coffee, a severe drought earlier this year was followed by higher than usual rains since October. Coffee price spike Photo shows a large hessian sack with the words "brazil green coffee" printed on the front This year droughts are pushing coffee prices to record highs, but climate change means it's unlikely we'll ever see a return to the $3 flat white. On Wednesday, the price for arabica coffee, the world's most popular variety, hit its highest level in nearly 50 years, with a pound of beans listed in New York for US$3.20.

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History of this topic

Indians Consumed $1.5 bn Worth Coffee Outside Home in 2024
1 week, 1 day ago

Indians Consumed $1.5 bn Worth Coffee Outside Home in 2024

Deccan Chronicle  

Chennai: Indians spent $1.5 billion to consume coffee outside their homes in 2024. As the affluent are increasingly acquiring the taste of the brew, premium coffee consumption is growing faster and is estimated to grow the out-of-home coffee market to $3.2 billion by 2028. Coffee becoming a lifestyle and experiential product among urban consumers, the out-of-home coffee market is on …

Coffee prices soar, but 15% loss in yield expected due to vagaries of weather
2 weeks, 3 days ago

Coffee prices soar, but 15% loss in yield expected due to vagaries of weather

The Hindu  

Coffee planters are a confused lot this year. Rain pattern “We are estimating more than 15% loss in yield, mostly in Karnataka, because in other coffee growing regions such as Andhra Pradesh and the North East, they receive the northeast monsoon. We expect a modest production of 3.5 lakh metric tonnes compared to 3.6 lakh metric tonnes last year.” Naj …

Coffee prices are higher than ever. Here's what it means for your cup
3 weeks, 4 days ago

Coffee prices are higher than ever. Here's what it means for your cup

NPR  

Coffee prices are higher than ever. Here's what it means for your cup toggle caption Pierre Andrieu/AFP via Getty Images/AFP Brian Phillips gets texts from coffee farmers in Brazil almost every day. "My friend Sergio texted me and was like, 'Hey, when you've got time for a call, we have to talk about next year,'" said Phillips, who sources beans …

Coffee prices haven't been this high in 47 years
3 weeks, 6 days ago

Coffee prices haven't been this high in 47 years

NPR  

Coffee prices haven't been this high in 47 years Coffee prices on the futures market hit a 47-year high last week. AYESHA RASCOE, HOST: We don't want to alarm you coffee drinkers on this fine morning, but the price of coffee on the futures market broke a nearly 50-year record last week. And it doesn't help that this week, one …

Climate change, crop damage to burn hole in coffee-lovers' purses
1 month, 1 week ago

Climate change, crop damage to burn hole in coffee-lovers' purses

Firstpost  

Extreme weather events have not only damaged some coffee crops entirely, they have also affected the quality and flavour of the remaining ones. This year alone, prices have climbed nearly 70 per cent, leaving traders and roasters grappling with a market dominated by supply fears and climate challenges, according to Bloomberg. Climate change hurting coffee crops Global coffee production has …

Coffee Exports Soar as India Preps for EU Deforestation Regulations
2 months, 3 weeks ago

Coffee Exports Soar as India Preps for EU Deforestation Regulations

Deccan Chronicle  

India's coffee exports have seen a significant surge this year, with exports reaching a record high of Rs 11948 crore. This surge can be attributed to several factors, including the increased demand for coffee in the international market due to the implementation of European Union's deforestation regulations, which prompted exporters to frontload their shipments to the European markets. The higher …

How Much Should A Cup Of Coffee Really Cost?
5 months, 2 weeks ago

How Much Should A Cup Of Coffee Really Cost?

Huff Post  

Getty Images If the cost of a cup of coffee from your favorite coffee shop seems high, you’re not wrong. “Cold brew is one of the worst margins for a coffee house in general,” Heather Perry, CEO of the California-based roaster Klatch Coffee, told HuffPost. “If you look at something like a 16-ounce cold brew, you’re probably going to put …

Brazil Coffee Crop Disappoints After Beans Affected by Drought
6 months, 2 weeks ago

Brazil Coffee Crop Disappoints After Beans Affected by Drought

Live Mint  

-- Brazil, the world’s top coffee producer, is on track to harvest a weaker-than-expected crop in a frustrating development for already tight global markets. “There is certainly a concern about production shortfall,” said Simão Pedro Lima, an executive at cooperative Expocacer, who added that the average size of beans is probably going to be lower than in previous years in …

The happy, hopeful coffee farmers of Karnataka
7 months, 3 weeks ago

The happy, hopeful coffee farmers of Karnataka

The Hindu  

Sanketh Appaiah, a young coffee planter in a village near Madikeri in north Kodagu, is now the proud owner of a new SUV thanks to the rising prices of coffee over the past three months. For the first time in 15 years, the coffee price has increased, helping me to fulfil my plan of buying a new SUV this year,” …

Robusta coffee price touches all-time high amid global shortage
9 months, 2 weeks ago

Robusta coffee price touches all-time high amid global shortage

The Hindu  

Robusta coffee farmers in South India are jubilant post-harvest with their produce fetching an all-time high price. The farmgate price of raw Robusta coffee berries touched a record ₹172 per kilogram in the Wayanad market on Saturday, as against ₹115 per kg during the same period last year. Meanwhile, the spot price of Robusta coffee beans stood at ₹315 per …

Soaring takeaway latte prices trigger coffee machine sales boom
1 year ago

Soaring takeaway latte prices trigger coffee machine sales boom

The Telegraph  

The soaring cost of takeaway coffee has caused an upsurge in demand for at-home espresso makers. Alex Baldock, chief executive of Currys, said shoppers were increasingly making coffee at home because of higher prices at chains. They want their coffee at home, which is good for ‘bean-to-cup’ coffee machines.” Sales of coffee machines during the two weeks leading up to …

Price for cup of coffee falling, but only in big cities
1 year, 4 months ago

Price for cup of coffee falling, but only in big cities

NL Times  

Nationwide in the Netherlands, the price for a cup of coffee increased by 3 percent compared to 2022. However, in the large cities, coffee prices dropped by around 6 percent, according to the annual coffee survey by the catering trade magazine Misset Horeca. “It may be due to the group of respondents, but it may also be that guests no …

Price of Robusta coffee touches all-time high as Brazilian production declines
2 years, 3 months ago

Price of Robusta coffee touches all-time high as Brazilian production declines

The Hindu  

Lending fresh hopes to coffee farmers, the price of the Robusta variety of coffee has reached an all-time high, thanks to a sharp decline in production. The farm gate price of raw Robusta coffee berries touched a record ₹106 a kg in Wayanad market on Friday, as against ₹80 a kg during the corresponding period last year. The State government …

Nescafé Original instant coffee soars to almost £9 in some supermarkets
2 years, 5 months ago

Nescafé Original instant coffee soars to almost £9 in some supermarkets

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nescafé instant coffee is the latest product to be affected …

Why the cost of a cup of coffee is soaring
2 years, 10 months ago

Why the cost of a cup of coffee is soaring

The Telegraph  

Milly Barr has been running her coffee shop and roastery for nearly a decade, serving up brews to visitors wandering through Oxford’s covered market. But the entrepreneur behind Colombia Coffee Roasters now fears some loyal customers could be driven away when she is forced to put up prices due to a plethora of surging costs. The sandwich shop chain has …

Soaring cost of coffee beans set to be filtered through to customers
3 years, 1 month ago

Soaring cost of coffee beans set to be filtered through to customers

The Telegraph  

Coffee shops relieved by returning demand from office workers face a new challenge as fears of a poor harvest in Brazil, the world's top producer, drives the price of beans to its highest level in a decade. On top of those problems, coffee exporters are dealing with hold-ups across global supply chains along with the soaring cost and low availability …

Get used to surging food prices: Extreme weather is here to stay
3 years, 4 months ago

Get used to surging food prices: Extreme weather is here to stay

CNN  

New York CNN Business — Devastating heat. I’ve never seen anything like this – where everything is bid to the moon at the same time.” Robert Yawger, Mizuho Securities The food price spikes demonstrate how extreme weather, much of it caused by the climate crisis, is having a real-world impact on Americans. “There’s no doubt that changes in weather patterns …

Starbucks says rising coffee prices won’t change what you pay for its drinks
3 years, 5 months ago

Starbucks says rising coffee prices won’t change what you pay for its drinks

CNN  

New York CNN Business — Coffee prices are surging. “Usually coffee chains are hedged well ahead, but the length of coverage” varies from company to company, said Carlos Mera, who heads up Rabobank’s agri commodities markets team and is an expert on coffee prices. JDE Peet’s, which has a broad coffee portfolio that includes Peet’s Coffee, Stumptown and Intelligentsia, said …

A Coffee Crisis Is Brewing And It Could Make Your Morning Joe Less Tasty
5 years, 2 months ago

A Coffee Crisis Is Brewing And It Could Make Your Morning Joe Less Tasty

Huff Post  

LOADING ERROR LOADING Whether it’s a quickly chugged-down morning cup, a lukewarm afternoon jolt from the coffee machine at work, a pumpkin spiced latte in the fall or a specialty cold brew in the summer, coffee has cemented itself as an important ritual in the lives of many Americans. “I think there’s a lot of people today who are looking …

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