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Why the price of a cup of coffee is likely to surge in coming months

Dee Dee Dunleavy
Article image for Why the price of a cup of coffee is likely to surge in coming months

A coffee shortage is brewing and Australians could soon be paying more for their caffeine hit, coffee importers have warned.

Most coffee imported into Australia comes from Brazil, where a “perfect storm” has led to poor performance of crops.

“Brazil has been hit by a major drought and then a snap frost in July,” coffee importer and owner of Minas Hill Coffee, Marcelo Brussi, told Dee Dee.

“The frost killed pretty much 20 to 25 per cent of the plants in Brazil..

“Then we have the logistics problems which are affecting worldwide with a lack of containers to ship the coffee.”

Mr Brussi says the price of Brazilian coffee beans has already gone up by 43 per cent.

For premium beans, the price hike has been even more severe.

“Specialty coffee has gone up to … double the price because the producers are not producing enough,” he said.

“It’s a lot.”

Bean producers expect the shortage to continue for another two years.

Press PLAY below to hear more about why your morning brew may soon cost you more

Dee Dee Dunleavy
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