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These 10 Popular Coffee Products May Shoot Up In Price Very Soon [Yahoo! Finance]
Last starbucks corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Association , the U.S. is the largest coffee market in the world. The industry generates $100 billion per year, and yet, it depends almost entirely on foreign trade. Hawaii, our primary source for homegrown joe, produces less than 1% of the world's coffee beans, and they're already priced at a premium. Now, in the face of a changing climate and increased anxiety around tariffs, those beans may become even more precious. As of this writing, coffee prices are already at a record-breaking $7 per pound. This is due to a combination of factors, most notably a prolonged drought in Brazil that has extensively damaged crops for the world's largest coffee producer. Coffee-growing Colombia also experienced a streak of bad weather that contributed to a 13% increase in Arabica bean prices in December, 2024. Meanwhile, that same year, coffee consumption in the U.S. reached an all-time high, up nearly 40% since 2004. In addition to major changes in both supply and demand, the global coffee indu
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