Drought in Brazil causes spike in coffee prices - KOTA Territory News

Drought in Brazil causes spike in coffee prices

Posted:
By Barrett Phillips

The price of coffee beans has been on the rise since the beginning of the year. Arabica and other popular coffee beans have gone up 82 percent!

This is due to a drought in Brazil, which is the world's biggest producer of beans.

Aida Compton, Co. owner of Bully Blends said, they have not yet been affected because they bought their last big batch of beans in November before the increase.

They do not expect prices going any higher the rest of the year.

"At this point, it might go up just a little but maybe nothing. We're hoping to keep our costs down and absorb the price increase and not have to pass it on to the customer," said Compton.

Brazil is also the world's largest producer of sugar.

So if you like to sweeten your coffee, or do a lot of baking , that means you could see price increases there as well.

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