How much will coffee cost this year?

Global coffee prices are forecast to jump to $4.44 a kilogram this year, according to IBISWorld, after a July cold snap in a major arabica coffee-producing region of Brazil wiped out a third of the crop.

Why did coffee bean prices rise this year?

The coffee bean price rise this year is the largest since 2014 and comes after a cold snap wiped out a third of the crop in a major coffee-producing region of Brazil. Photograph: Artyom Geodakyan/Tass

What are coffee beans?

The coffee beans are the fruits of the coffee tree and are similar in colour and shape to cherries. Coffee beans have come to be regarded as the most important agricultural commodity in global North-South trade. (read more)

Are coffee beans cheaper in Brazil?

There’s already a switch toward cheaper robusta beans in Brazil, according to Rabobank. For companies like Starbucks, coffee beans represent a small part of overall costs compared with labor and rent. Still, the world’s largest cafe chain says it is feeling inflationary pressures.