Coffee Beans Brewing High Prices
A perfect storm of calamities in the coffee supply chain are brewing up record high prices.
Prices are up as much as 60% this year at levels not seen since 2011. Brazil, where 40 percent of the world’s Arabic coffee is grown, recently suffered from both a severe frost and a drought. It is estimated that 25 percent of the world’s coffee was lost as a result. Increasing costs of fertilizers, labor, packaging, and transportation are adding to the woes of […]