Supermarket brands like Nescafé and Folgers have already raised prices — but the world keeps drinking more and more coffee. Brian Phillips gets texts from coffee farmers in Brazil almost every day. They send him photos of rain gauges showing some — or ...
Droughts in top-producing Brazil and Vietnam caused the price hikes. Supermarket brands like Nescafé and Folgers have already been raising prices -- but the world can't seem to get enough caffeine.
Droughts in top coffee-growing countries have shrunk the supply of beans. Supermarket brands like Nescafé and Folgers have already raised prices — but the world keeps drinking more and more coffee.
The cost of coffee has hovered near record highs on the futures market after droughts in top-producing Brazil and Vietnam. Supermarket brands like Nescafé and Folgers have raised their prices.