Coffee prices to surge amid bean shortage

Coffee prices to surge amid bean shortage

Russian media has warned of an upcoming sharp rise in the price of the globe’s favorite morning drink – coffee – amid a worldwide shortage of beans.

According to market players, retail coffee will rise in price by 20-30%. At the same time, the maximum price increase will be for the cheaper varieties… up to 40%,” Russia’s Izvestia newspaper warned.

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World’s major grain supplier limits exports World’s major grain supplier limits exports

According to analysts, major exporters may simply not have enough beans to supply the caffeine-thirsty market. Brazil has been facing record crop failures due to cold weather and drought. In Colombia, rains destroyed part of the crops, and Ethiopia was on the verge of a civil war. At the same time, all around the globe, the coffee industry,…

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