The global coffee market faces rising prices due to climate change and increased demand. Coffee production has decreased in key growing regions, leading to higher costs for consumers. The International Coffee Organization reported a record high price for green coffee beans, impacting coffee lovers across the U.S.
• In August, the average price for green coffee reached 238.92 cents per pound, a 47-year peak.
• American adults consume nearly 465 million cups of coffee daily, making the U.S. the second-largest coffee importer.
• Extreme weather events in Colombia, Brazil, and Vietnam have significantly reduced coffee yields.
• Supply chain issues have increased costs for coffee shops, affecting everything from beans to packaging.
Understanding these factors is crucial as they influence coffee prices and availability. While there are signs of recovery in production, consumers may continue to face higher prices in the near future. Sustainable practices and direct relationships with farmers can help businesses manage costs while still providing quality coffee.
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.