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Coffee lovers and café dwellers are likely to see the price of a cup of joe increase soon, experts warn. The price of arabica coffee beans, the high-quality beans found in most restaurants and shops, spiked this month, recently jumping to $3.50 a pound. A pile of coffee beans during harvest at a plantation in Minas Gerais state near Guaxupe, Brazil, on June 13, 2016. 1 factor on the increase and change in prices in the coffee market. “People are very reactive to coffee prices, and this affects everyone down the chain.
Persons: Patricia Monteiro, “ We’ve, , David Ortega, Ortega, “ We’re, ” Ortega, Jackie Newman, Newman, ” Newman, Organizations: Bloomberg, Getty, Michigan State University, Coffee Inc, Locations: Minas Gerais, Guaxupe, Brazil, Vietnam, Europe, Valencia, Spain, California
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