Coffee

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Coffee prices haven’t surged this much in decades | CNN Business (edition.cnn.com)

submitted 3 weeks ago by IcedRaktajino@startrek.website to c/coffee@lemmy.world

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US retail coffee prices surged 21% year-over-year in August, the largest annual increase since October 1997, according to Thursday's Consumer Price Index. The monthly 4% jump marks the steepest rise in 14 years. Trump administration tariffs on major coffee exporters -- 50% on Brazil, 20% on Vietnam, and 10% on Colombia -- are driving costs higher as 99% of US coffee consumption relies on imports.

J.M. Smucker plans its third price increase this winter for Folgers and Cafe Bustelo brands after raising prices in May and August. New Orleans chain French Truck Coffee has implemented a 4% tariff surcharge. Starbucks expects peak cost impacts in 2026 due to its advance purchasing practices. KPMG chief economist Diane Swonk predicts prices will exceed historical records as Brazilian tariff effects reach retail shelves.

I dunno what I'm gonna do when my stash runs out. About 6 months ago, coffee was on sale and I bought as much as I could store in the crisper drawers of my downstairs fridge. I've probably got about another 6 month's supply and am probably going to be aghast when I have to buy more 😔

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[–] Fiivemacs@lemmy.ca 9 points 3 weeks ago (1 children)

800% tariffs and you need to order 1000lbs.

they won't sell you a bag.

[–] Valmond@lemmy.world 4 points 3 weeks ago (1 children)

I'm in Europe, and why wouldn't someone sell you a bag?

[–] Fiivemacs@lemmy.ca 8 points 3 weeks ago (1 children)

the producers wouldn't. that would be the same as going to a farm that typically sells 1000s of lbs of zucchini, and asking for enough for supper.

you wouldn't be worth their time, no offense.. they are in it for the bulk purchases.

[–] Valmond@lemmy.world 2 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

I'm talking a bout a coffe sac, 30 or 60 kilos. Not a 250 gram package 😋

They get paid under 4€/kilo. The price for mediocre coffee where I live is 18-20€/kilo.

[–] zabadoh@ani.social 2 points 1 day ago (1 children)

I'm seeing around USD$400/EUR 340 for a 50 lb/23 kg bag.

But will any given bag be any good? And how long is it going to take you to consume all of it?

[–] Valmond@lemmy.world 2 points 17 hours ago (1 children)

In my view it's both to pay the farmers better, and to make a "fun" experiment, so yes it might not be perfect.

I'd probably drink 23 kilos in 23 weeks, but I have switched to lots of decaf recently 😔.

Where do you find those kind of prices?

[–] zabadoh@ani.social 2 points 9 hours ago (1 children)

I googled for "50lb bag of coffee"

[–] Valmond@lemmy.world 1 points 8 hours ago (1 children)

In France I only find empty coffee bags, gotta up my google-fu 🥲

[–] zabadoh@ani.social 2 points 5 hours ago (1 children)

duckduckgo works as well.

Some sell in 50 lb boxes.

A lot of those websites sell 100 lb bags too.

[–] Valmond@lemmy.world 1 points 2 hours ago

I only find sites explaining but not selling (especially to France) like this one for example.

Any links for someone shipping to France/the EU?

🥲