This Is Why Your Coffee Is About To Get More Expensive

This Is Why Your Coffee Is About To Get More Expensive

NOT cool beans.†
coffee lovers everywhere.†

Bloomberg reports that coffee prices are set to increase this year because of a†drought in certain regions of Brazil, too much rain in Vietnam and a smaller harvest in Indonesia. The outlet says that all of these factors contribute to a decreased amount of the robusta bean, which is used in instant coffee, espresso, and as a filler in coffee blends.†

ďProspects for a recovery in Brazilís production in 2017 are slim,Ē Rabobank analyst Carlos Mera told the Financial Times, in reference to the countryís already short supply of robusta.†

Prices are already increasing on Dunkiní Donuts, Folgers and Caf? Busteloís coffee. The J. M. Smucker Company, which owns all three brands,†said in a press release last week that prices on their packaged coffee will increase by six percent, though K-cup prices will remain the same.†

The release said prices will only increase on the Dunkiní Donuts packaged coffee purchased in grocery stores, mass merchandisers, club stores and drug stores. For now, coffee drink prices will stay the same at Dunkinís various locations.†

Coffee prices went up for certain Starbucks lovers last July, when the chain increased its prices for the third year in a row, hiking up certain brewed coffee beverages by 10 to 20 cents and select espresso beverages and tea lattes by 10 to 30 cents. The chain increased prices again†on certain cold beverages and baked goods in November. Looks like consumers need to hold onto their wallets this year!†



Add Comment

all comments

  Other news

more
Love Island's Mike Thalassitis' hotel fling SLAMS him for 'using her' and warns Tyla Carr off him as he promises both women same romantic trip to Paris

Love Island's Mike Thalassitis' hotel fling SLAMS him for 'using her' and warns Tyla Carr off..

20-Jul, 04:40

The Love Island star apparently tried to calm down the intruders as...

Love Islandís Jessica Shears flaunts ample cleavage and famously pert bottom in slinky thong bikini while boyfriend Dom Lever happily watches on

Love Islandís Jessica Shears flaunts ample cleavage and famously pert bottom in slinky thong..

20-Jul, 12:10

The genetically-bless duo, who have since made their relationship...

Microsoft results boosted by cloud; PCs still a drag

Microsoft results boosted by cloud; PCs still a drag..

20-Jul, 18:10

Microsoft has become a different company under Nadella.(L-R) U.S....

British expats could lose right to move around EU post-Brexit

British expats could lose right to move around EU post-Brexit..

20-Jul, 12:32

British citizens living abroad could lose their right to move to a...

The Latest: Trump mum about failed N. Korea missile launch

The Latest: Trump mum about failed N. Korea missile launch..

15-Apr, 20:56

The Latest on the failed launch of a North Korean missile Sunday from the...

Father, Iíll Take Care of You Episode 32

Father, Iíll Take Care of You Episode 32..

04-Mar, 10:49

The following Father, Iíll Take Care of You Episode 32 English Sub has...

Former Trump campaign adviser contacted by FBI: source

Former Trump campaign adviser contacted by FBI: source..

16-Jun, 18:18

Michael Caputo, a campaign adviser to President Donald Trump, has been...

Philippines, communist rebels agree to resume talks, truce

Philippines, communist rebels agree to resume talks, truce..

12-Mar, 00:50

The Philippine government and communist rebels say they have agreed to...