Eastern Oregon Bear said:
DiabloWags said:
Cal88 said:
Coffee prices are going to spike as a result of the combination of tariffs on Brazil and Trump playing hardball with them, they're cutting off the US and diverting their production to China. A bit similar to what happened with soybeans, where China substituted its imports from the US to Brazil.
Correct.
They spiked 14.5% in July from a year ago and that's before the 50% tariffs on imports from Brazil.
Prices were already heading up from adverse weather conditions which lead to a 39% surge in 2024 from average levels a year earlier.
My favorite blend at Peet's Coffee is at $24 a pound.
Now that Dr Pepper owns Peet's, I hear they will rebrand it as Sulawesi-Kalosi Zero Sugar.
I buy my coffee from a roaster near Seattle, 1 pound of Brazilian and 1 pound of Sumatran each month. The prices are similar to what you quoted. I'm waiting to see how the tariff hammer will raise the prices. I may have to find cheaper coffees.
Unless things change, you might not even be able to buy Brazilian coffee any more starting next year with the 50% import tariffs kicking in on new inventory. Indonesian tariffs stand at 19% right now, Wags' $24 pound of Sulawesi will get closer to $30.
I'm a tea drinker, mostly oolongs from China, darjeeling from India, prices have already been going up steadily the last couple of decades as local demand for higher-end teas has increased, same with Chinese antiques.
