In this fast-paced environment that we live in, for some of us, coffee is essential to get us going in the morning. However, according to a CNN
article, the price of our morning coffee is increasing, and quickly. In the graph below you can see that the price of importing coffee has increased and is at its highest cost since January 2009. The cost of importing coffee from South America reached $5.06/kg in March of this year, a 64% increase from March 2010, and 89% increase from March 2009.
Whether the higher costs are related to importing more green coffee that is more valuable or higher gas prices, hopefully, for all of us coffee drinkers, we will see a reduction in the near future and we will be able to enjoy buying our morning coffee.