The Price of Your Morning Cup of Coffee Keeps On Rising
- Freakish weather in biggest producer Brazil slashed yields
- Expect smaller packages of beans and fewer free refills
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The price of a cup of coffee keeps rising -- and nobody seems to care.
Prices for arabica beans are up 50% in the past 12 months, hitting seven-year highs in July after drought and frost damaged crops in top producer Brazil and signaled tight world supplies for at least two years. The rally comes as high freight costs and shipping container shortages continue to rattle global supply chains, squeezing margins and heightening inflation fears.