Coffee prices on boil - Favourite beans make for a rich brew
It’s enough to make even hardened coffee drinkers stock up on instant. Rising coffee bean prices could force up the cost of a cup of coffee from your favourite cafe, according to the Australian Coffee Traders Association. Vice-chairman Andrew Mackay said the price of arabica beans had increased almost 25 per cent in the past month because of investors speculating on the wholesale coffee market. “We’re seeing prices at almost 10-year highs in the arabica market and the same with robusta,” he said. The latest annual Cappuccino Price Index, produced by coffee distributor Gilkatho, reveals that the average price of a takeaway cappuccino in Brisbane is $2.85—up 5 in the past year. Wayne Fowler, managing director of Gilkatho, in the Brisbane suburb of Milton, said cafe operators would be under financial hardship unless they raised prices or increased sales. The Sunday Mail (Brisbane), March 2.
