Recent news about our president rolling back tariffs on major coffee producing countries such as Brazil have produced a buzz about coffee prices, especially the hopes that they will soon be decreasing. Unfortunately, we are seeing coffee prices continue to rise. Why is this?
Delayed Pricing Changes
Coffee industry experts predict that it takes approximately 9 months for green coffee bean prices to impact consumer costs. Decreases in coffee prices take 35% longer than increases to reach the retail market.
Green Coffee Beans Are Commonly Stored for 6-12 Months
A lot of the coffee currently in the country was imported when tariffs WERE in place, which means it’s more expensive. We’re only just starting to use the coffee that was imported while tariffs were in place. Most of the price increases we’ve seen so far have not even been in response to tariffs- rather to supply and demand shortages.
Supply and Demand
Climate issues (droughts, heavy rains, heat waves) in major coffee producing regions such as Ethiopia and Brazil have led to damaged harvests and reduced quantity of coffee for export. This has been the major cause for coffee price increases in the past year.
How Will This Impact You?
Here at Carrabassett Coffee Company, what this means is our prices will increase by $1 per pound on January 19. We recognize that another coffee price increase is not what you were hoping for, and we’re grateful to everybody who has been a supporter of our small business all these years.
What can you do about it?
We recommend you take advantage of our $1off3lbs discount; when you order online, you’ll automatically get $1 off per pound if you order 3 pounds or more. 5 pound bags include an even bigger savings!
Thank you for sticking with us and continuing to support our small business through these challenging coffee times!