Rising coffee prices are becoming a reality as the cost of arabica coffee has surged over the past year, with significant increases attributed to climate change. The situation is affecting consumers and producers alike, leading to potential price hikes in retail coffee.
• The price of arabica coffee has more than doubled, with a pound now costing over $4.
• Climate change is causing extreme weather patterns, disrupting coffee production in major growing regions like Brazil and Vietnam.
• Retail coffee prices are expected to rise significantly, with major brands likely to pass costs onto consumers.
• Instant coffee prices have already increased by 7.1% over the past year, while drip coffee costs have steadily risen since 2021.
This trend matters because it highlights the broader impact of climate change on food supplies and consumer prices. As coffee becomes more expensive, it reflects the urgent need for sustainable practices and investments in agricultural resilience to combat future challenges.
Enjoying the read? Subscribe for free to one of the fastest-growing newsletters and get weekly coffee news (TL;DR updates) delivered right to your inbox.