As inflation subsides and many goods see declining prices, coffee prices have soared, reaching historical highs. Arabica bean prices hit $3.50 per pound, largely due to severe droughts in Brazil and other major coffee-producing regions, which have drastically affected crop yields. Although U.S. coffee consumption remains high, companies like Starbucks are feeling the pressure on profit margins. In response, Starbucks is strategically investing in Central American coffee farms to secure supply and explore climate-resilient coffee varieties, though the benefits of these efforts may take time to materialize.
The price of a pound of Arabica beans recently hit $3.50, the highest in 50 years, reflecting supply disruptions and increased demand.
Starbucks has started to invest in coffee farms in Central America to lock in supply and test new bean types for climate resilience.
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