In February, Cooperative Coffee Roasters founder Matt McDaniel emailed his wholesale clients announcing price increases — two varieties went from $11 a pound to $13, while another two went from $12 a pound to $14. He also increased prices at his coffee shop attached to the roasting facility.
About 125 miles east of Cooperative's roastery in Asheville, North Carolina, you'll find Summit Coffee's flagship location in Davidson, where the price of coffee increased by $0.10 a cup in February. That's a relatively small adjustment, said Summit Coffee CEO Brian Helrich.
However, Spencer Ford knows of many coffee shops that have had to increase prices by more than a dime a cup.
Ford is a trader at Royal Coffee. He buys green coffee from all over the world, imports it to the US, and sells it to coffee roasters. Most of his clients, recently, have been "kind of freaking out," he said — and for good reason.
Read more about the factors that have coffee prices climbing, according to three roaste...
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