Coffee Prices Expected to Rise Due to Extreme Weather Conditions

Video Credit: Wibbitz Top Stories
Published on August 22, 2022 - Duration: 01:31s

Coffee Prices Expected to Rise Due to Extreme Weather Conditions

Coffee Prices Expected to Rise Due to Extreme Weather Conditions.

‘The Wall Street Journal’ reports that your daily cup of morning joe is likely to be hit with a price increase.

This is due to regions of the world, like Brazil, that produce the most coffee crops experiencing both drought and frost.

.

Some coffee farmers in Brazil say they have yielded only half of the arabica beans they usually do.

.

In 2020, Brazil produced a record-breaking 48.7 million bags of coffee beans.

In 2020, Brazil produced a record-breaking 48.7 million bags of coffee beans.

That number has drastically reduced to only 35.7 million bags of coffee in the 12 months starting in July.

.

While coffee has gradually become more expensive, it is also due to supply chain issues and other problems due to the pandemic.

According to the Bureau of Labor Statistics, the average price in July 2022 for a pound of coffee was $6.11.

According to the Bureau of Labor Statistics, the average price in July 2022 for a pound of coffee was $6.11.

That’s a staggering jump from the average price for a pound of coffee being $4.56 a year ago.

.

Even if you plan to try and save money by brewing your own joe at home, the price at the supermarket is increasing as well.


You are here


💡 newsR Knowledge: Other News Mentions

Brazil

Country in South America
Croatia are ready to challenge "terrifying favourites" Brazil in their World Cup quarter-final on Friday, says manager Zlatko Dalic.
6 hours ago • BBC Sport
Brazil's dominant performance against Croatia in the last 16 of the World Cup is the biggest indicator of their prowess during this year's tournament, writes..
21 hours ago • BBC Sport
Manchester United out of race to sign Bellingham, Inter Milan could let Dumfries leave for right price, West Ham to sign Brazilian defender Luizao, plus more.
21 hours ago • BBC Sport

You might like