Cost Of Coffee Beans Going Up; Local Coffee Shops Might Increase Prices

According to a latest report by Loveland Reporter of Herald, the local coffee shops are now thinking to increase the price at each cup of coffee that they sell. Although they do not want their customers, who are caffeine-driven, to pay even a penny more for the daily sustenance, but the coffee shops owners are finding it difficult to manage selling coffee to their customers at the same old rate.

The reason of rising prices of coffee is due to the bad weather in the regions where coffee beans are grown. The demand of coffee for the coffee shops in developing countries has increased and this has made the coffee prices through the roof. The reports of commodity exchanges show that the prices of unroasted, green coffee beans have increased near to 90 percent. Roasters are currently paying more for the coffee beans and in turn, this increased price is passed to coffee shops that buy the roasted beans from them.

Not only the coffee shops; the increased price is affecting every one involved in the business of coffee, even the farmers who grow coffee beans. Coffee shops have now increased up to 15 percent on each coffee item. Schatz, who is in to Loveland Coffee Co. says that they use several things are used in coffee shops, such as creamers, milk, paper items, plates, cups and baked goods; the prices at all these items have gone up by 8 to 9 percent. Even there is 17% hike, by Starbucks, in bagged beans of coffee.