Coffee Prices Expected
to Rise Due to Extreme
Weather Conditions.
‘The Wall Street Journal’ reports that your daily cup of morning joe is likely to be hit with a price increase.
This is due to regions of the world, like Brazil, that produce the most coffee crops experiencing both drought and frost. .
Some coffee farmers in Brazil say they have yielded only half of the arabica beans they usually do. .
In 2020, Brazil produced a record-breaking
48.7 million bags of coffee beans.
In 2020, Brazil produced a record-breaking
48.7 million bags of coffee beans.
That number has drastically reduced to only 35.7 million bags of coffee in the 12 months starting in July. .
While coffee has gradually become more expensive,
it is also due to supply chain issues and other problems
due to the pandemic.
According to the Bureau of Labor Statistics, the average price in July 2022 for a pound of coffee was $6.11.
According to the Bureau of Labor Statistics, the average price in July 2022 for a pound of coffee was $6.11.
That’s a staggering jump from the average price for a pound of coffee being $4.56 a year ago. .
Even if you plan to try and save money by brewing
your own joe at home, the price at the supermarket
is increasing as well.
