U.S. coffee drinkers can expect rising prices as perfect storm of factors impact global supply chains
Americans can expect the price of their daily cup of java to stretch their wallet a bit more than usual as a litany of factors impacting the global supply chain result in rising prices.
In February, wholesale arabica coffee prices shattered its previous record at $4.30 a pound – double the price from last year – according to futures contracts traded in New York.
Now, coffee roasters who took their chances in the futures markets are feeling the burn, and could pass the price off to customers.