Coffee lovers may soon notice a slight increase in their café bills as global coffee prices have reached a 47-year high.
Halifax café owner Kaylon Fraser explains, “Customers might pick up other items, but they’re coming in for the coffee.” However, with rising prices, those same customers will likely pay a little more for their daily cup.
Sylvain Charlebois, Director of Dalhousie University’s Agri-Food Lab, predicts small price hikes in the coming year. “We’re expecting prices to increase by about five to 25 cents,” he says.
The main factor driving the price increase is a poor coffee harvest in Brazil, the world’s largest coffee producer, particularly of the popular Arabica bean. According to Charlebois, Arabica beans require a perfect climate, often found at higher altitudes, making them especially vulnerable to weather conditions. “You need the right climate and the right altitude to grow Arabica beans,” Charlebois adds, explaining the supply challenges.
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