Coffee Guzzling Is Pushing Bean Prices High
Americans' Coffee Guzzling Is Pushing Bean Prices Higher was written by Laura Lorenzetti on July 1, 2016. In the United States people are consuming more coffee ever day than any other country making the demand for beans to rise. The world demand for beans are rising because people are consuming a large amount of coffee. The average consumption of coffee a person consumes in United States a day is at least 2 to 3 cups per day. “Global coffee consumption is expected to grow 1.2% over the next year starting in October, and American consumption is expected to be up 1.5% this year alone”. The demand for coffee beans will also be high in China, Japan and India. Therefore the demand for coffee beans means the price of coffee beans will rise. For
example Prices for Robusta coffee beans, which are used in instant coffee, are also up, gaining 4.2% last month. Even though the demand for coffee is rising the supply of coffee is falling. For example there has been heavy rain in Brazil making it hard for coffee beans to grow. Also a drought on the Robusta plantation has made the price of the beans to go up.
example Prices for Robusta coffee beans, which are used in instant coffee, are also up, gaining 4.2% last month. Even though the demand for coffee is rising the supply of coffee is falling. For example there has been heavy rain in Brazil making it hard for coffee beans to grow. Also a drought on the Robusta plantation has made the price of the beans to go up.