General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat Does This Have to Do with the Price of Coffee?
Everything! Trump's threats to impose tariffs on Colombia instantly caused the commodities market to panic. As a result, the price of coffee has already started to skyrocket, all because of Orangey's big mouth. Americans are still complaining about the price of eggs🥚. Now, it will be about the morning joe that most of us rely on to help us start our day☕!
underpants
(188,067 posts)My wife is a food prepper and she knows how much coffee I drink.
2naSalit
(94,643 posts)We get coffee from over a dozen other countries. The coffee I drink comes from Honduras and other central American countries, all organic, fair trade.
The uproar about coffee could be a rouse.
Jit423
(707 posts)Coffee addicts get really edgy if they don't get their usual shots of java. Some may become violent. If Trump's tariffs cause a huge price rise in or shortage in coffee, he will have crossed a line that might cause some people to really go after him and his family. I know some women who become absolutely vicious if they miss their coffee breaks in the morning. In fact, if the international community wants to really cripple the Trump administration it should refuse to import coffee to the US. J6 would pale in comparison to what happen to the WH from an onslaught of coffee addicts.
DeepWinter
(751 posts)Has been on a steady rise since August 2023.
The futures market (any) is crazy if you look just short term like 1 month. Don't do that. At 1 year, 5 years you see real rise/fall.
LizBeth
(10,975 posts)Greg_In_SF
(153 posts)On Tuesday, Arabica coffee prices hit an eye-watering new high on the Intercontinental Exchange at $3.48 a pound, according to the Wall Street Journal. This means the price is up more than 40% over the last three months and 79% year-over-year and it's set to trickle down to the consumer level soon. However, this sharp increase can't be blamed on one single cause. Instead it's the result of several converging influences.
"The rising coffee prices are part of a larger, global challenge driven by climate change, economic pressures, and geopolitical uncertainty," Yannis Apostolopoulos, the CEO of the Specialty Coffee Association (SCA), shares with Food & Wine.