Uh oh coffee lovers, our habit is about to get more expensive
Uh-oh, looks like there’s trouble on the horizon for coffee lovers.
According to Reuters, a rapidly shrinking coffee supply can no longer meet the world’s enormous demand for the drink, so much so that the coffee industry is seeing its first supply deficit in six years. So what does that mean for us coffee drinkers at home?
]It MEANS that the price of coffee expected to rise 30% from the end of 2015 to the end of 2016. Beans affected include the arabica (used in expresso and brewed blends) and robusta (often mixed with fancier arabica beans or used in instant coffee).
All of which is to say GULP YOU GUYS.
“But wait, my Starbucks order isn’t way more expensive than it was this time last year, I think I would have noticed that,” you coffee lovers may be saying at this point. Well, according to Eater, that’s because Starbucks doesn’t set its coffee prices solely based on what’s going on in the global market. In fact, around this time last year, Starbucks actually raised the price of its drinks right when the price of its coffee beans were falling. So this shortage isn’t going to affect the price of your espresso today or tomorrow.
Which isn’t to say that coffee lovers won’t be hit hard in the future. It looks like a global coffee shortage is nigh, as a result of climate change, and eventually that will affect all us caffeine addicts (no, even Starbucks drinkers won’t be spared). So next time you drink your coffee, take a moment to really appreciate it, because it looks like from here on out it’s only going to get harder to get a cup of joe.