The coffee market is experiencing a significant price increase, affecting consumers and roasters alike. The cost of unroasted arabica coffee beans has reached a record high, leading to higher prices for coffee products. This surge is largely due to climate-related issues impacting coffee-producing countries, as well as increased global demand for coffee.
• Unroasted coffee prices have risen nearly 95% in the past year, reaching over $4 per pound.
• Major coffee roasters in West Michigan report costs for raw beans have more than doubled.
• Companies like Madcap Coffee and Ferris Coffee have already raised prices and anticipate further increases.
• Climate change and extreme weather events in Brazil and Vietnam are significant contributors to the rising costs.
This situation matters because it highlights the challenges facing coffee producers and the need for fair pricing. As consumers, understanding these dynamics can help appreciate the true cost of coffee and the efforts of farmers behind it. The coffee industry is at a turning point, and how it navigates these challenges will shape its future.
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