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Robusta beans, which are usually found in instant coffee, were priced in June at $1.86 per pound — a whopping 187% jump from $0.65 per pound in the early days of the coronavirus pandemic. 4 ...
Droughts in top coffee-growing countries have shrunk the supply of beans. Supermarket brands like Nescafé and Folgers have already raised prices — but the world keeps drinking more and more coffee.
Theft of truck loads of green coffee beans is surging in the United States, the world's largest importer of the commodity, as prices for the beans increased to all-time highs in the last year, ...