Posted on 01/01/2022 5:06:20 AM PST by blam
Arabica coffee futures are about to register their largest annual gain in a quarter-century due to a global deficit.
Arabica coffee futures jumped 78% to about $2.30 per pound in New York this year, putting it on track for the best year since 1994.
“Severe weather in Brazil, the world’s largest arabica supplier, decimated coffee plantations, contributing to a global shortage just as demand for the high-end variety of beans expanded. That coincided with supply chain bottlenecks including container shortages and longer shipping times,” Bloomberg explained.
We first documented the tightening of global supplies on Mar. 25 in a commodity note titled “”Nightmare” Of Factors Pushing World Into Coffee Deficit.” Since then, the situation has become even more severe.
So what does this mean for the wallets of US consumers?
According to a recent Barclays note, US importers like Starbucks are hedged out for more than a year to deal with price fluctuations. Though JM. Smucker, which owns the Folgers and Dunkin’ coffee brands, recently warned that supply chain disruptions are rising costs that will impact its business.
It’s only a matter of time before coffee inflation strikes consumers in 2022.
Well, there is always Nabob.
Nobody drinks that cafeteria grade coffee.
Juan Valdez doesn’t like illegal immigration.
That’s alright...I drink instant.
All seriousness aside...Taster’s Choice at Sam’s (large container) has gone up a buck and a half...maybe two dollars per container. I’m gonna start growing my own. Anybody know where I can buy an instant coffee bush?
I’ve been stocking up on Folgers and Maxwell House when it’s been on sale so I’m good for a year.
I’ve bought Ruta Maya (beans) from Costco for many years. It’s consistently $14.99 for a kilogram. Shade grown organic from Chiapas, Mexico. Roasted in Austin, Texas. Delicious.
COLD WEATHER seems to be a big part of the problem acc to this article from July
“Unusually cold weather in Brazil has already sent international prices for coffee and sugar higher and Friday was forecast to be the coldest day of the year, according to Marco Antonio dos Santos, a partner at weather consultancy firm Rural Clima.”
Prices will go up and bags will get smaller.
Me, too. Walgreens has Folgers 30.5 oz for $6.99. I’m in Upstate
Let’s Go Brandon!
I buy my coffee from a couple of different sources. Ocean City Job Lots, ALDI and Spreeder and Earls out of Burlington VT, excellent brews and good flavor (Wife will only drink flavored coffee..)
—> That’s alright...I drink instant.
😵💫☕️
I only have 15 cans of good coffee and 10 cans of cheap stuff for barter. Getting worried.
Juan valdez drinks costa rican coffee
My city has its own roastery and I buy my coffee from them.
Jingle Bell Java or Pirates blend!
https://www.redcedarcoffee.com/
All coffee is being affected. Duncan Donuts shot up from $6.00 to $7.72 last month.
At least popcorn is still safe. I need a lot of it what with the clown show in D.C. going on nonstop.
Fertilizer has gone up 54% since the summer. Compute that into farmers’ crops and the price at the grocery store.
speaking of “donut coffee”. We bought three large cans at WM and gave to Freedom Farm Ministries here in town. They have program for substance abusers. You should have seen the joy in their faces.
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