Coffee drinkers face price rises as costs on global markets hit record high

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.

Topics

Coffee price surges to highest on record

Coffee drinkers are set to feel the pinch from high prices after crops got hit by drought and heavy rainfall.
BBC News - 21h
Coffee prices soar to 40-year highs as global growers struggle with extreme weather

Coffee prices have reached a 40-year high, nearing $3 per pound, driven by extreme weather and climate change. Maya Eaglin reports that major producers in Brazil and Vietnam are struggling with ...
NBC News - 22h
Average house price hits record high of £298,083

The UK's largest mortgage lender said the average house price hit £298,083 last month.
BBC News - 5d
Childcare bosses fear for future amid rising costs

Costs at one nursery are up 40% in recent years, and it faces an annual shortfall of over £30,000.
BBC News - 5d
Whooping cough cases hit record highs across the U.S.

CBS News medical contributor Dr. Celine Gounder joins "CBS Mornings" to discuss the alarming rise in whooping cough cases.
CBS News - Dec. 4
Razer BlackWidow V4 Pro 75% Review: High Tech, High Price

The updated BlackWidow steps even further into the world of premium custom mechanical keyboards, with a price to match.
Wired - Dec. 4
China’s share of global electric car market rises to 76%

Market share increases after strong demand within country offsets risks from western tariffs on Chinese-made EVs. Business live – latest updates China’s share of the global electric vehicle ...
The Guardian - Dec. 3
Gold hit record highs this year as real yields climbed. Here’s why the rally is so unusual.

A gold rush by central banks could help lift prices as high as $2,900 by the end of 2025, Wells Fargo Investment Institute said.
MarketWatch - Dec. 2