Coffee Prices, Continue to Rise
‘The New York Times’ reports that the cost of coffee beans has soared this year, leaving roasters with little choice but to raise prices. In Brazil, the world’s largest coffee exporter, extreme weather has damaged crops.
The pandemic has caused shipping bottlenecks, and political protests stalled exports from Colombia, where the price of beans rose nearly 44% in 2021. While coffee giants Starbucks or Nestlé won’t feel the effect of this for at least a year, smaller roasters have already had to raise prices.
These increases are making me nervous because one of the main tenets that we operate on is being able to make specialty coffee and make the pricing affordable. It’s got me thinking about how we’re going to survive, Quincy Henry, a co-owner of Campfire Coffee in Tacoma, Wash., via ‘The New York Times’.
Brazil, which annually exports an average of 34 million bags of coffee beans, has recently suffered drought and plunging temperatures. According to ‘The New York Times,’ July is the beginning of wildfire season in Brazil. Those wildfires could be devastating following this year’s drought, the worst in nearly a century in some parts of the country. Those wildfires could be devastating following this year’s drought, the worst in nearly a century in some parts of the country.
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