Current coffee and tea news from around the world. We tell it the way we see it and nothing more!
Monday, March 14, 2011
Coffee prices hit record highs. This will be for some time!
Tanzania and India are reporting price increases of their coffee on the market. Tanzania coffee is rich and high quality and the demand of this type of coffee is increasing as Asian and Pacific Rim country residents are being introduced to coffee. India Monsoon Malabar Grade AA is going up also even though it a "OK" quality coffee. The India Monsoon is good with a blend but the single taste is on the blah side. The weather this coffee cycle year has not been good to the coffee farmers in Brazil(floods, rains) and in Africa(droughts). The supply of coffee is low and the demand in the market is high. With the introduction of Asian and Pacific Rim countries to drinking good coffee and the workers are now being paid a good salary because of offshore manufacturing, they can afford the luxury of coffee. Enjoy good quality coffee is becoming a luxury but it is one of pure enjoyment. So, if you see your Mocha, double hit espresso price increase, think of it as the price of luxury and maybe someday it will go down, but no time soon.
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