Price of coffee soaring

WINNIPEG – Your next coffee break could cost you more as the price of coffee beans soars.

The price of Arabica beans has nearly doubled this year.

“The last 18 months has been drastic. Part of it has been a projected shortage,” said Trevis Boyd of Black Pearl Coffee, a roaster in Winnipeg.

Forecasters are predicting a coffee shortage while Brazil, the largest coffee exporter in the world, faces a drought.

“We found that our wholesale prices are changing first. We have absorbed as much of it as we can,” said Boyd.

READ MORE: Coffee chains, cafes and K-Cups feel heat from rising bean prices

But some coffee chains are passing the cost on to their customers. Starbucks bumped up their prices in the summer along with Folgers and Dunkin’ Donuts and Tim Hortons is also considering it.

For those who make coffee at home using a Keurig machine, the price of their Green Mountain coffee K-cups went up nine per cent Monday.

“Coffee prices usually fluctuate depending on how crops do. Our customers are pretty chill; they’re usually really understanding,” said Colton Rempel of Parlour Coffee.

And those coffee-loving customers are willing to pay.

“No, it’s not cheap but honestly, it’s part of my daily routine,” said one coffee drinker.