Coffee experienced a 42% price jump over the past year — largely due to limited supply (civil war, drought, and hurricanes all had an effect) despite high consumer demands. However, coffee production around the world is on the rise, and there’s some question as to whether production will outstrip demand in the coming year: ‘Coffee price threatened by surging output’.
Meanwhile, growers will feel the pressure to raise production in the hope of generating more revenue. Costs of coffee production are rising due to rising fuel costs combined with a weaker dollar.
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