Coffee Prices Set To Skyrocket
ByDavid Greenbergm
AUG 23, 2022
Coffee prices are set to rise around the world, due to a poor coffee crop yield in Brazil, one of the world’s largest producers.
Last year, coffee futures surged almost 90% due to drought and frost impacting Brazilian production. Coffee prices then hit a decade high in February, reaching $2.59 per lb. They still remain higher, up 18.06% year on year, at roughly $2.23 per pound.
Because coffee harvesting in Brazil is done bi-yearly, off two varieties, with farmers harvesting more Arabica in even harvested years, and more Robusta in odd numbered years, it is expected there will be more price increases. Extreme weather in 2021 has produced expectations this year’s harvest will be low. In addition costs for fertilizers and fuel for transportation will inflate prices even more.
On top of the conditions in Brazil, word has come out that Colombia, another major producer, experienced wetter than normal weather, reducing their harvest as well. An analysis by the Wall Street Journal estimated harvests on some farms will be as low as 50% of normal.
The International Coffee Organization predicted in its July report, that global coffee consumption will outpace production by the end of the year, and that, along with the falling yield, will propel coffee prices to record-setting highs.
Oh good, just another catastrophe to piss us all off, This will be the trigger, imagine all of us mainlining caffeine drinkers deprived of the magic bean? Riots, buildings and continents burning! Dogs and cats sleeping together, total chaos!
Never mind what inflation has done with the price of coffee! The can of Folgers “Black Silk” I paid $11.79 for a couple of months ago is now $15.00!
The prepper that I am, I’ve got a pretty good stock of coffee laid in, but sooner or later I’ll have to pay that increased price. I might as well bite the bullet now before the latest excuse is used to raise the price of that can again…
ps Irish has a folgers post over at his place. You won’t like it and some commenters spoke about the flavor, don’t know if its true.
Time to stock up on coffee now!
WEF: you will drink tea… and you will like it.
WEF: You will drink hot water and like it. FTFY
Please don’t forget coffee comes from all over the planet, with a lot better flavors than ‘Brazil’ grown coffee. One price increase does not necessarily mean all coffee goes up.
This mornings brew was one from Uganda. I have Honduran, Tanzanian, Indonesian and Ethiopian in the cupboard, ready to be ground and brewed. Beans and blends from all over the planet taste better than commercially mass produced and poorly roasted and stale canned coffee.
Just my taste buds talking…your may be lying to you.
Please don’t forget that silly term
Supply and Demand
When the largest growers of coffee are failing to produce you can BET that your fancy coffees from the smaller producers will go up and Up, AND UP.
shit, like the price of it hasn’t gone up enough already ?
still, I guess I just toss a couple more cans in the cart next time we go shopping
have a mid size shelf full of Folgers, guess I should look into getting some beans
that are green and stored right for the long term.
I like to keep at least 6 months worth in stock, along with filters and stuff.
I have 2 coffee pots to use on the woodstoves if need be too.
this does suck. I can get thru most things if I have my coffee.
and yes, I like mine with milk and sugar. had enough of that drinking it black back in my army days. you know where they dump a 3 pound can in a 25 gallon pot of boiling water and “brew ” until it is as black as the heart of any congress critter.
I like to keep what is left of my gut these days
B-b-b-but it’s got to be caused by CLIMATE CHANGE, because EVERYTHING is caused by CLIMATE CHANGE, and we know that because all the POLITICIANS and SCIENTISTS WITH COMPUTER MODELS who are sucking the government tit said so OVER AND OVER AND OVER. Besides, coffee is an oppressive construct that forces poor indigenous victims like Juan Valdez to eat dirt three times a day so the imperialist pig-dogs in America can sip the unpaid fruits of their unending labors while they suffer and die an early death never knowing the glowing benefits of transgender nirvanahood.
By the way, since Biden was instigated into office, my favorite lunch meat is up 52%, my garbage pickup is up 46%, my gas for my truck is up at least 50%, and I can’t even find my precious Smokies I eat for breakfast at any price. 8.5% inflation rate my ass. FJB and everybody that enabled him and his perverted, rotted famdamily.
The coffee I buy goes on sale 3-4 times a year for about 30% off. 10-12 years ago, I started stocking up when it was on sale. I have a six month supply currently and will be building on that when it goes on sale again in a few weeks.
I’ve been stashing away coffee beans for a while now. I’m set for a bit.
Have some in storage.
Did y’all see Irish’s spot the difference post on Folger’s?
I started drinking coffee in 1977. 1st period German class was just too soporific to go without some stimulant in my bloodstream. But as an adult, I’ve never gotten to the point where I felt I couldn’t function without that first hit of the morning. Used to periodically treat myself to the heavenly brew of Kenyan in a french press, which is just amazing. Also made do with Folger’s when things were really tight.
But lately, when I roll out of the sack at 6AM, and it’s 77F in my apartment, firing up the stove to make a pot of Joe just ain’t what I want to do. But iced tea really hits the spot. So, I’ve cut down on the coffee consumption. Given my financial situation, I might well continue to go with tea in the morning. I haven’t run numbers to figure out whether it’ll be cheaper, but of course that depends on what sort of tea you’re buying.
Now, I’m sure all y’all are going to start a fatwa on me for saying this, but…
Have you though about quitting drinking coffee?
And, ICYMI, some real economists have calculated the inflation rate at between 17% to 25%, depending on the numbers you want to massage. If THAT information were to hit the airwaves and/or print media (fat chance!) the Gubmint would get crucified.
Okay, go ahead and throw stones now… got my bulletproof underwear on now…
Igor, be realistic! I would rather give up my beer and peanut butter then give up coffee.
NEVER till I have to.
FYI, the Townsville Gun Club planted coffee bushes between each of their ranges, and also mango trees for shade. Annual working-bees for harvesting provides a good income for the club.
Where Phil lives is too cold to grow coffee, but most of your southern states should be fine areas for Bustednuckles coffee junkies to grow your own beans. Yeah, it’ll take a couple of years before you can pick enough to roast your own, but if you plant them now, the sooner you can pick your own java beans.
Just watch out in case a certain Cheby pickup and trailer, with a Chihuahua riding shotgun, don’t come slowly cruising by.