Price for arabica beans tops $3.44 a pound, while cost of robusta beans almost doubles this year
Your morning caffeine hit could become even pricier in the new year after the cost of coffee beans on international commodity markets soared to a record high.
On Tuesday, the price for arabica beans, the world’s most popular variety, topped $3.44 (£2.70) a pound, having risen more than 80% this year. Meanwhile, the cost of cheaper robusta beans, used in instant coffee, has almost doubled this year, with the price touching $5,694 a metric tonne in late November.
About Author
More Stories
Jane Birkin’s original Hermès handbag to be sold at auction in Paris
Trump trade deal shows how vital China’s rare-earth metals are to US defense firms
BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker