Robert: The price of coffee expected to increase
Published on September 7th, 2021 @ 9:52 AM
COVID-19 has had a massive impact on the world in more ways than just public health. One of the downsides to a global pandemic is the rising costs of doing business. As the borders between countries tightened and the workforce dwindled due to lockdowns and sickness, prices of goods and services have skyrocketed over the last year plus. While society as a whole a gripped with the increased expenses due to COVID, one expected to uptick in price could have the greatest affect on your day to day life.
A combination of poor, cold weather in Brazil, the worst since 1994, has caused the price of green coffee beans to the highest level in almost seven years. The scarcity of the beans will likely see consumers pay more for their cup of “Wake Up Juice”. The extent of the damage is still being assessed, but it is predicted that it may take up to seven years for production to fully recover from the recent cold snap.
To make matters worse, shipping disruptions caused partly by a combination of demand and a smaller workforce as people stayed home for the majority of the pandemic, have led to a sharp rise in the cost of transporting beans. Another problem the consumer will will pay for, both figurately and literally.
Experts say the price increase is likely to affect coffee sold and purchased at grocery stores and supermarkets rather than coffee shops. So if you’re the kind of person who grabs their “Joe” on the go, you probably won’t see a huge difference.