The price of green coffee beans
Coffee is a commodity that, such as any other resource, will see its price fluctuate over time. The growth in the popularity of coffee shops and home coffee making equipment has made the price rise incrementally, but in the last few years this increase has become steeper, with record highs being hit in recent months.
In 2010 the price of coffee beans rose by 34 per cent and as a result the price of a cup of coffee from any commercial retail outlet has risen to accommodate this boom. The main reason for the price increase is a squeeze in the supply chain which has left the sought after product more expensive and scarce than ever before.
Some industry experts believe that the price of coffee beans will continue to soar, although because of the global popularity of the product most are convinced that people will continue to buy coffee with the same regularity and in the same numbers.
Coffee production in Columbia has fallen and there are hopes that Brazil’s exports will be able to plug the gap.
Experts estimate that coffee would have to almost double in price from its current high in order to put off developed nations such as America and the UK from buying it and for the time being the record high prices are not knocking back the coffee lovers from partaking of their morning brew.