Why Coffee Prices Are Soaring (Again)

Published On Dec 28, 2024, 5:00 AM

Wholesale coffee prices are surging to near 50-year highs due to extreme weather conditions affecting supply and an increase in global demand. Repeated droughts and floods have disrupted the production of arabica coffee, which constitutes a significant portion of the world's coffee supply, particularly from Brazil. This volatility is raising concerns about the sustainability of coffee businesses and could lead to higher consumer prices for coffee products in the future.