Prepare to pay more for that cup of coffee
Posted March 9, 2011 8:20 pm.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – Food prices, gas prices, home prices. What’s next? It looks like coffee prices are going to be rising soon, too.
Alistair Durie with Elysian Coffee in Vancouver says the price for green unroasted coffee has doubled in the last year. “You are going to see for the end consumer, certainly at this point, with these prices, an increase of maybe 20 to 30 per cent on a cup of coffee.”
He says climate change, production and transportation costs, and market speculation are all driving prices up.