Coffee prices soar, Starbucks cuts jobs
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coffee pricestorontosun
•Business
Business & Economics
Why your coffee fix has gotten so pricey — and it will only get worse

78% Informative
The retail price of ground coffee hit a record high of $ 7 a pound, up from $ 4 in January 2020 .
Disastrous growing seasons in the world’s two biggest coffee producers, Brazil and Vietnam , have meant fewer beans on the market.
Coffee consumption in China , where tea-drinking culture has reigned for millennia, has surged 150 percent in the last decade .
War between Israel and Hamas has tied up the Red Sea , which carries 30 percent of the world’s container traffic, including coffee from Vietnam .
Iran -backed Houthi rebels for months fired missiles on trading vessels that made their way through the Suez Canal .
The price of a north-south container shipping route to Australia is up 20 percent in the last two years .
Wright said she never makes her money-saving pour at the store, instead doing it outside the shop or in her car.
Watson , the coffee consumer analyst, said viral hacks and adaptations are just early signs that people will keep drinking their coffee.
Sippers will see the full force of price increases in three to six months .
VR Score
78
Informative language
76
Neutral language
42
Article tone
semi-formal
Language
English
Language complexity
45
Offensive language
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Hate speech
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Attention-grabbing headline
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Time-value
short-lived
External references
8
Source diversity
5
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