Bitter Coffee Prices: A worldwide bean shortage is making coffee lovers sweat espresso bullet
Be it the humbled pulses, vegetables or even exalted gourmet offerings, food prices are now steaming hot, singing consumers’ budgets and making policy decisions tougher for rate-setters while they perhaps sip on coffee. But halt, for even the world of coffee, that beloved elixir that often serves as the morning oracle, is now demanding a premium spot on the rate chart.
Hold onto your mugs, coffee enthusiasts, because it looks like your beloved brew is about to take you on a rollercoaster ride through the wild world of caffeine economics.
This increase in cost is attributed to a shortage of coffee beans on a global scale, particularly stemming from Brazil and Vietnam, coupled with unexpected rains affecting bean quality in India. This unfavorable situation has led to a surge in domestic market prices.