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Coffee drinkers are already paying more: Data from the US Bureau of Labor Statistics show coffee prices for urban consumers rose sharply from July 2021 to February 2023. They remain elevated. They ...
Climate change, political headwinds and diverging market dynamics around the world have pushed coffee prices to fresh records, jacking up the cost of your everyday brew or a barista's signature ...
Earlier this week, the Wall Street Journal reported that raw Arabica coffee prices soared to a record high of nearly $3.44 per pound, which beat the prior record of $3.35 from 1977. Volcafe, a top ...
Coffee prices 1973–2022. According to the Composite Index of the London-based coffee export country group International Coffee Organization the monthly coffee price averages in international trade had been well above 1000 US cent/lb during the 1920s and 1980s, but then declined during the late 1990s reaching a minimum in September 2001 of just 417 US cent per lb and stayed low until 2004.
"We are not immune to the price of coffee, far from it," said David Rennie, Nestlé's head of coffee brands. Drought and heavy rain The last record high for coffee was set in 1977 after unusual ...
The new agreement allowed for the suspension of price quotas if the supply of coffee could not meet the demand, and enabling them if prices dropped too low. In 1984, the agreement was again redrawn, this time creating a database on coffee trade, and implementing stricter import and export regulations.