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