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Expert explains why coffee prices are rising again

World's largest coffee producer Brazil is in a drought and there's a shortage of shipping containers

Expert explains why coffee prices are rising again

World's largest coffee producer Brazil is in a drought and there's a shortage of shipping containers

COFFEE PRICES ARE RISING BUT TO HEAR A KANSAS CITY AND IN THE BUSINESS SINCE THE EIGHTIES, TE LL IT IN THE GAS WORLD YOU AND I WOULD CALL THIS PRICE GOUGING TRACY ALLEN RUNS A COMPANY CALLED BREWED BEHAVIOR HELPING DEVELOPING COUNTRIES GROW AND SELL COFFEE. THE WORLD맥스카지노S LARGEST COFFEE PRODUCER IS BRAZIL AND THEY맥스카지노RE IN A DROUGHT BUT ALLEN SAYS THAT'맥스카지노 NOT THE ONLY THING PUSHING PRICES HERE BECAUSE OF COVID-19. THEER WAS SO MUCH DOWNTIME AND NOBODY맥스카지노S WORKING. NOTHING맥스카지노S MOVING AND NOW ERYBODY맥스카지노S GEARING BACK UP. THERE맥스카지노S A SHORTAGE OF SHIPPING CONTAINERS. THAT맥스카지노S RIGHT A SHORTEAGF O SHIPPING CONTAINERS AND WITH COFFEE BEANS JUST SITTING ON FOREIGN DOCKS THE PRICE TO SHIP IT HERE HAS GONE WAY UP. SO FOR ME TO GET A CONTAINER FROM SUMATRA RIGHT NOW, WHICH IS TYPICALLY A THOUSAND TO FIFTEEN LLDOARS TO GET IT TO THE US IS NOW CLOSE TO $6,000. YEAH, SO SAY YOU PAY $10 A POUND FOR COFEFE AT THE GROCERY STORE. ALLEN SAYS DON맥스카지노T BE SURPRISED TO SEE THAT SAME COFFEE SELNGLI FOR 13 TO 14 DOLLARS A POUND AND HE LOOKS FOR BIG SELLERS LIKE STARBUCKS AND DUNCAN TO RAISE THEIR PRICES TOO. THE EVEN BIGGER QUESTION IS ONCE SHIPMENTS RETURN TO NORMAL. WILL THE PRICE COME DOWN. THE REAL QUESTION IS HOW MANY OF THOSE ROASTERS ARE GONNA GO BACK AND TAKE THE PRICE BACK DOWN ONCE IT맥스카지노S UP THERE RIGHT? SO DO YOU SEE THIS PRICE HE IKIS SO METHING PERMANENT DON맥스카지노T. I맥스카지노LL FALL SHORT OF SAYING. IT맥스카지노S TEMPORARY.
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Expert explains why coffee prices are rising again

World's largest coffee producer Brazil is in a drought and there's a shortage of shipping containers

A cup of coffee is how many people start the day. While prices have gone up during the pandemic, they could go up again. "In the gas world, you and I would call this price gouging," said Tracy Allen, who's been in the coffee business since the 1980s.Allen runs a company called Brewed Behavior, helping developing countries grow and sell coffee.The world's largest coffee producer is Brazil and it is in a drought. But Allen said that's not the only thing pushing prices."Because of COVID, there was so much downtime, and nobody's working, nothing's moving, and now everybody's gearing back up, there's a shortage of shipping containers," Allen said.With a shortage of shipping containers and coffee beans sitting on foreign docks, the price to ship it here has gone way up."So for me to get a container from Sumatra right now, which is typically $1,000 to $1,500 to get it to the U.S. is now close to $6,000," Allen said.If you pay $10 a pound for coffee at the grocery store, Allen said do not be surprised to see that same coffee selling for $13 to $14 a pound. He also said that he looks for big sellers, such as Starbucks and Dunkin to raise prices, too.The even bigger question is once shipments return to normal, will the price come down?"And then the real question is, how many of those roasters are going to go back and take the price back down once it's up there right?" Allen said."So do you see this price hike as something permanent?" sister station KMBC asked."I'll fall short of saying it's temporary. I wish I knew," Allen said.

A cup of coffee is how many people start the day. While prices have gone up during the pandemic, they could go up again.

"In the gas world, you and I would call this price gouging," said Tracy Allen, who's been in the coffee business since the 1980s.

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Allen runs a company called Brewed Behavior, helping developing countries grow and sell coffee.

The world's largest coffee producer is Brazil and it is in a drought. But Allen said that's not the only thing pushing prices.

"Because of COVID, there was so much downtime, and nobody's working, nothing's moving, and now everybody's gearing back up, there's a shortage of shipping containers," Allen said.

With a shortage of shipping containers and coffee beans sitting on foreign docks, the price to ship it here has gone way up.

"So for me to get a container from Sumatra right now, which is typically $1,000 to $1,500 to get it to the U.S. is now close to $6,000," Allen said.

If you pay $10 a pound for coffee at the grocery store, Allen said do not be surprised to see that same coffee selling for $13 to $14 a pound. He also said that he looks for big sellers, such as Starbucks and Dunkin to raise prices, too.

The even bigger question is once shipments return to normal, will the price come down?

"And then the real question is, how many of those roasters are going to go back and take the price back down once it's up there right?" Allen said.

"So do you see this price hike as something permanent?" sister station KMBC asked.

"I'll fall short of saying it's temporary. I wish I knew," Allen said.