The Slump Coffee prices have slumped over the past year but we still feel the pinch for our caffeine fix. That is to say, the prices that farmers receive for their product; prices at the supermarket have not. The Brazilian government is to aid coffee producers. Starbuck’s is not going to help the latte drinker. [...]
Apparently, a rust is infecting many coffee plants and causing some supply worries. Will this keep commodity prices, and the price for a cup of our favorite morning drink high, or will this just be a blip in the global ebb and flow of coffee production?
Some of the soaring coffee prices is a result of warming temperatures-more moisture, humidity, pests, damage to the coffee fruit and therefore a reduced supply
Here’s an update on the 13 1/2 year high for green coffee beans. This new milestone just happened on Friday. We at Bongo Billy’s are keeping a keen eye on the market to see when we can expect some relief.
Forbes has posted a blog that helps further explain the new prices you might see for your coffee (Not Bongo’s/BVRoastery coffee though). It reminds me of the land reforms of the Russia during the early 20th Century and more recently Mugabe’s regime in Zimbabwe. Brazilian land for Brazilians.
You the consumer may not feel the change in your own pocket books, unless the roasters and retailers start to adjust prices accordingly. Apparently Folgers (owned by Smuckers) will raise their prices 9% in response. Others may follow suit.