Bay Area cafes are experiencing a significant increase in coffee prices, with Arabica coffee futures reaching an all-time high of $4.30 per pound. This increase has forced many cafes, like Andytown Coffee Roasters, to raise their prices by 7% for drinks and 10% for coffee beans. Owner Lauren Crabbe mentioned the challenges of price hikes and customer retention. Contributing factors like droughts in Brazil and Vietnam are affecting coffee production, leading to further price surges and impacting other local businesses as well.
Arabica coffee futures hit an all-time high of $4.30 per pound, doubling last year's price, forcing Bay Area cafes to raise prices.
Andytown owner Lauren Crabbe expressed the difficulty in raising prices, concerned about alienating customers and the sustainability of their business.
The unprecedented spike in coffee prices is attributed to droughts in Brazil and Vietnam, leading to forecasts of poor harvests.
Specialty coffee shops are increasingly marking up their products as commodity prices surge, with popular items now costing significantly more.
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