Stock Up On Coffee Now, Prices Are Headed Higher

Stock Up On Coffee Now, Prices Are Headed Higher

A barista prepares cups of Geisha Natural coffee variety at the Elida farm, in Boquete, Panama, on ... [+] January 24, 2020. - Panamanian coffee Elida Geisha Natural was cataloged the most expensive coffee in the world on 2019, when it was auctioned at 1, 029 US dollars the pound. (Photo by Luis ACOSTA / AFP) (Photo by LUIS ACOSTA/AFP via Getty Images) Its time to stock your cabinets full of coffee. The price of your cup of morning joe, your latte, your cappuccino is going higher. Nasty weather in Brazil including dryness and recent frosts means the crop of arabica beans "” those which are used in bistros across the world "” has shot higher. "It has really not been since 1994 that a major freeze hit Brazil coffee," says Jim Roemer, author of the BestWeather agricultural newsletter . "This past weeks frost was scattered and strong but enough to reignite concerns due to the drought and low Brazil crop." Roemer's not kidding. Back in November coffee futures were fetching a $1 a pound, but now we've had a bad growing season they've doubled to around $2, according to data from the TradingEconomics. com website. About 50% of the