Thursday, March 13, 2014

Coffee Prices Rise

Thanks to the drought conditions in Brazil coffee prices are rising.  Over the last four months, arabica coffee prices have almost doubled from $1.06 per pound in November to more than $2 per pound currently.  Thankfully Starbucks won't raise their prices because they are locked into the old price for a year.  Because of their locked price it won't affect their profitability either.  The current coffee prices are higher than they have been in two years.  Don't expect to get coffee cheap anytime soon till a new season brings better conditions to the coffee growers of this world.  I will be sticking with synthetic caffeinated drinks.  You can still get over a pound of pure caffeine for under $15.  Might be time to get a soda maker. 

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