YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Coffee prices skyrocket after Brazil drought

Posted online
Coffee prices have doubled since late last year, and drinkers of the black stuff may soon start to notice.

The reason? The originator of a third of the world's coffee, Brazil, has experienced severe drought, according to CNNMoney.

"They had a big time drought in January and February, got some showers in March that stabilized the situation, but now they're entering their dry season," said Jack Scoville, a commodities futures broker with the Price Futures Group in Chicago. "It's harder and harder to get rain in there."

Read more from CNNMoney.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences