Coffee Prices Expected <br />to Rise Due to Extreme <br />Weather Conditions.<br />‘The Wall Street Journal’ reports that your daily cup of morning joe is likely to be hit with a price increase.<br />This is due to regions of the world, like Brazil, that produce the most coffee crops experiencing both drought and frost. .<br />Some coffee farmers in Brazil say they have yielded only half of the arabica beans they usually do. .<br />In 2020, Brazil produced a record-breaking <br />48.7 million bags of coffee beans.<br />In 2020, Brazil produced a record-breaking <br />48.7 million bags of coffee beans.<br />That number has drastically reduced to only 35.7 million bags of coffee in the 12 months starting in July. .<br />While coffee has gradually become more expensive, <br />it is also due to supply chain issues and other problems<br />due to the pandemic.<br />According to the Bureau of Labor Statistics, the average price in July 2022 for a pound of coffee was $6.11.<br />According to the Bureau of Labor Statistics, the average price in July 2022 for a pound of coffee was $6.11.<br />That’s a staggering jump from the average price for a pound of coffee being $4.56 a year ago. .<br />Even if you plan to try and save money by brewing <br />your own joe at home, the price at the supermarket <br />is increasing as well.
