• Aurenkin@sh.itjust.works
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    10 hours ago

    The coffee price hikes have stemmed from lower production in important coffee growing regions, particularly in top grower Brazil, reducing the availability of beans.

    That’s the closest I could find in the article as to a reason. It’d be nice to know if it was just a bad year or if this is going to be a permanent challenge going forward due to climate change or some other factors.

    • Voroxpete@sh.itjust.works
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      8 hours ago

      Coffee is quite sensitive to environmental factors and only grows in certain specific regions as a result. Those factors are being upended by climate change. Coffee is going to very rapidly become a luxury product.

      Billionaires don’t care. Twenty dollars or two dollars for a cup is effectively the same price to them; insignificant. It’s the rest of us that get fucked.

      • commander@lemmings.world
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        10 minutes ago

        Those factors are being upended by climate change.

        How, exactly?

        It’s my understanding that coffee does best in warm climates. Shouldn’t global warming, at the very least, change where we grow coffee as opposed to just removing the areas we can grow it in?

      • JohnEdwa@sopuli.xyz
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        5 hours ago

        Except we are nowhere near a situation like that. Articles like this don’t tell the actual prices because they are so small people might start questioning why they pay so much for coffee.

        The poll had a median forecast for arabica prices at the end of 2025 of $2.95 per pound, a drop of 30% from Wednesday’s close and a loss of 6% from end-2024.

        $3 per pound - $6 per kilo. Or to put it in another way, 4.8 cents per shot of espresso, two of which go in a 16 oz Starbucks latte that costs you $5.75, which would be enough money to buy 120 shots worth of bulk arabica.

        If that goes up by 7% or 70% or 700%, the cost of that latte should hardly change.

        • Dhs92@programming.dev
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          4 hours ago

          Logistics cost money

          Shucking and processing the beans costs money

          Roasting the beans costs money

    • Im_old@lemmy.world
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      9 hours ago

      It’s also due to very bad weather/floods in the second largest producer, Vietnam.

      And since extreme weather events are increasing in intensity and frequency, it’s not going to get better (as a trend at least).

    • Buffalox@lemmy.world
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      9 hours ago

      From what I’ve heard this is largely due to bad weather due to climate change, as I understand it, we should not expect coffee prices to ever go back to where they were.
      For the past 4-5 years it seems prices have only gone up here. It’s more than triple now of what it used to be before Covid, and that’s only 5 years!

      But I’m not an expert, this is just what I’ve been seeing as a heavy coffee drinker in the supermarket, and what I’ve gathered from short news tid-bits.

      • neon_nova@lemmy.dbzer0.com
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        4 hours ago

        My ground coffee has gone up about 20-30% over the past 2 years. This is just based on memory and not an exact calculation. It’s possible, I’ve misremembered the old price slightly, but either way it has gone up.

        • commander@lemmings.world
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          6 minutes ago

          The cost of pretty much everything has gone up that much in that time.

          As it turns out, more money in the hands of consumers tends to translate to higher prices.

          It’s almost like, and hear me out, it’s almost like businesses charge what people are willing to pay, not what goods cost to produce.

      • HeyJoe@lemmy.world
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        8 hours ago

        Pretty much. I watched my favorite coffee hut (literally a hut that you drive up to) go from $3 large like 5 years ago to $4, then within a year hit $5. At that point, I stopped going, although funny enough, i did go there today since it was convenient and it’s now $5.50… I laughed and said yeah I’m definitely done now. As much as I like coffee, it’s now a high-end luxury item that I can no longer afford even occasionally due to everything else raising as well.

        • commander@lemmings.world
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          2 minutes ago

          As much as I like coffee, it’s now a high-end luxury item that I can no longer afford even occasionally due to everything else raising as well.

          You could always make it yourself. Although caffeine pills are the cheapest way to go if it’s really caffeine you’re after.

          Paying $3 for a drink was always a scam. Paying $5 is just like getting ripped off by a drug dealer while thinking you’re getting the hook up. Complete insanity.