World coffee prices soar

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Coffee Beans

The world market price of coffee has sky-rocketed in recent months. According to the Daily Telegraph investing news “coffee stocks have soared around 70 per cent” since January 2014 and consumers can expect to pay more for their coffee in the coming months.

Wholesale buyers are likely to pass any price increases to consumers in 12-24 months’ time. Lower rainfall in Brazil has been the main trigger of all this and Brazil is the world’s largest producer of Arabica beans. Moderate rains have returned in recent weeks and while that may limit some of the losses experienced by producers, they are not likely to reverse them entirely.

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