Poll: Are You Worried About The High Coffee Prices?
Earlier this month coffee prices hit a 12 year high,with prices up 40 percent per pound. Green beans that were once $1.o9 are now $1.53 and some coffee companies are passing along the increase to the consumer. Read more about it: Price no buzz kill for java lovers and Why Coffee Is Getting More Expensive.
Are You Worried About The High Coffee Prices?
- No, haven't notices a change. (83%, 24 Votes)
- Yes, if prices keep going up I'm switching to water. (17%, 5 Votes)
Total Voters: 29
Loading ...I’m not too concerned about the price hike yet, mainly because I’ve read more about it in newspapers than actually seeing it in person at a coffee shop or grocery store. I’m curious if some companies are using the record highs as an excuse to raise their coffee prices and will they reduce the prices after the spike dies down?
What about you? What do you think about the price increase? Have you noticed any changes?
Last week’s poll was “How Old Were You When You Started Drinking Coffee?“
It was younger than I thought it was going to be. The number one answer was 10-15 years old with 31% of the vote.
Number two was 15-20 years old with 25% of the vote.
Under ten years old finished with 20% of the vote, but had the most comments.
Ardee-ann said:
I started drinking coffee before I was two. My meema made me “coffee milk” and I was hooked from then on. I have always enjoyed the flavor and complexity of a good cup of coffee and have survived many bad cups of coffee while living to write about them. LOL!
Karen said:
I can’t exactly remember how old I was, but it was certainly under the age of 10 and I loved it ever since, far better than tea (yuck!)
Ashamed to admit it, but I think I was under 10 when I started. My parents let me “taste” a little because they figured it wouldn’t hurt. Little did they know, I ended up loving the taste, and I was hooked on the flavor of coffee. It wasn’t ok for me to drink straight up coffee as a kid, but I got around that by eating coffee ice cream and coffee candies.
Twenty to twenty-five years old had 10% of the vote.
Twenty-five to thirty had 8% of the vote and over thirty finished with 6% of the vote.
Thanks to everyone that voted.
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Photo by Melina Vanni-González.
Category: Polls
About the Author (Author Profile)
Mike Crimmins is the highly caffeinated blogger behind Daily Shot Of Coffee. Besides drinking way too much coffee, he's obsessed with the Yankees and getting dirty on his mountain bike.Subscribe
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the whole coffee trade and price structure makes me want to
work/buy more than ever via a fair trade system
and as often direct from the growers as possible.
I haven’t noticed any changes yet in coffee prices. My brand of coffee has stayed about the same and I also rep for a coffee company that has not announced a price hike yet. I can tell you that this company will NOT go back down on its prices even if coffee prices were to drop by 50%. It’s prices only go up.
So far the prices I have seen are stable. We will see how long that lasts.
Ciao,
Ardee-ann
That’s some really interesting info. Thanks for sharing it.
Perhaps coffee beans will replace gold? I’m not too concerned right now. It’s a supply and demand issue and seems to have affected garbage brands more than it has specialty coffee. If you are paying the floor price for coffee, then you are not looking for quality anyway. I doubt that this trend is presenting itself in the same fashion in the specialty coffee world, where it is normal for roasters to pay 10-75X the lowest price for green coffee. There is also a higher profit margin in specialty coffees. You won’t find a bucket of Jamaican Blue Mountain or Panama Esmeralda for $4 anywhere!
On the flip side, if the price does impact profits, it is only natural that the businesses would compensate by raising prices. It happens with everything from increased transportation costs to tax hikes. Companies are not simply going to shrug it off and take the hit. If that were the case we would still be paying $.10 to see a movie and $1500 for a brand new car….not that I ever did, but my grandparents talk about it all of the time
The price hike of east African beans and Yemen really hit hard this year. Just to make the staple, Mokha Java, cost 3 to 4 time more this year than it has in the past. Also with the price increase it became hard to find a Kenya or Yemen that cupped half way desent.
I do hope it levels out this season. It hurts going from $6.00 lbs green to $9. to $14 lbs green. and explain to your customers why the huge increase.
Ouch, that is really unreal price increase.
I’m not so worried about the coffee bean recent prices, since so little of the price actually goes into coffee served in restaurants. I just wished that more of the coffee sold benefits the farmers, such as some of the fair trade. Really I wish that Fair Trade Coffee wasn’t necessary at all!