The increased demand for coffee around the world is one of the main causes of price increases. The demand for coffee has grown as more people acquire a taste for the beverage, especially in populous nations like China and India. The COVID-19 pandemic has also increased the number of people who drink coffee at home, driving up the price of coffee.
Disruptions in the supply chain have also caused a shortage of coffee in several regions of the world. Coffee farmers have found it challenging to get their beans to market, which has resulted in increased costs. Other issues include labor shortages, shipping delays, and other challenges. Production of coffee has recently been hampered by problems caused by the weather. In some areas, coffee harvests have been harmed by droughts, hurricanes, and other extreme weather conditions, resulting in decreased yields and higher costs. For instance, the world’s greatest producer of coffee, Brazil, suffered through a severe drought in 2021, which had an impact on the quality and quantity of its coffee harvest.
Arabica coffee, the most popular type of coffee, develops from a seedling to a mature plant that can produce coffee beans in around three to four years. Arabica coffee requires highly specific growing circumstances. The plants need a moderate climate with temperatures between 60 and 70°F and regular rainfall.
The best Arabica coffee is often grown between 3,000 and 6,000 feet above sea level at high altitudes. Colombia, Ethiopia, Kenya, and Costa Rica are a few of the greatest countries in the world for producing Arabica coffee.
In conclusion, greater coffee prices in 2022 are probably in store due to a mix of increasing demand, supply chain hiccups, and environmental issues. Before costs continue to rise, coffee enthusiasts might wish to store up on their preferred beans.