Coffee prices are on the rise, according to CNNMoney.com.
Since June, coffee futures have risen 44 percent. Companies like Dunkin’ Donuts, Green Mountain and Maxwell House are passing on these costs.
The rise is due to poor weather in South America, making Brazil discuss the possibility of hoarding their stocks. U.S. stockpiles are currently at 10-year lows. As the problems with coffee continue, coffee drinkers may be paying more for a morning jolt.
Bagged coffee from Folgers, and Dunkin’ Donuts are already at a 10 percent price increase.
In an announcement by these companies’ parent company, the price jump is due to “sustained increases in green coffee costs.”
While buyers may pay more for their bags to brew at home, dropping by their neighborhood coffee shops may be the normal bill, as each shops individually make pricing decisions.
