Coffee prices have risen by as much as a good 40% over last year and this has been a major cause of worry and concern as to how it will impact the day to day life of consumers. Though, there is not much to worry as the ’per cup’ price of our favorite beverage is not going to be affected in any major way. Coffee has never been too pricey and for more than a century the price of the bean has been steady at a good $1 per pound with even a slight reduction in the price in the later 19thcentury.
The major cause of the increase in the price of the coffee bean is our ever increasing need for coffee in our drink holder and bad weather in most of the countries that are major producers of the bean. The price also reflects a method in which the markets make the ends meet. This time around though the increase in price is said to be fixed and will remain that way for a long time to come. From the initial low $1 per pound it has now gone to $2 per pound in some instances and food and beverage markets.
The low coffee price have not done much good anyways as the production rates were always on the rise and the farmers did not get benefit out of the deal to start with. The coffee bean has always been a costly product to cultivate as well. The increase in price is not going to help farmers directly but they can at least be expected to be encouraged more and more as the coffee producing countries are now fast developing and there is seen a major land crunch. The farmers will thus get a much needed boost to carry on with their coffee production.
In spite of the fact that there is not much difference in the per cup prices which is almost as good as negligible. The major coffee houses have resorted to increasing the price of the cup of coffee you hope to drink from your cup holder. Major players have assured a price rise of at least 8 to 10%. But then in spite of this, the coffee lover will not have much of a problem if the coffee is brewed at home. Given the recent financial crunch and the recession, there has been a reduction in the spending in the coffee houses (reflective also is the reduced spending on wheelchair accessories). Coffee has never been sold in the retail stores as much as it is now before, this is the onset of a revolution.