# Coffee Crisis: Prices Soar to 47-Year High ☕

**URL:** <https://onehack.st/t/coffee-crisis-prices-soar-to-47-year-high/296602>\
**Category:** News & Articles\
**Tags:** business, news\
**Created:** [November 29, 2024, 11:38pm UTC](https://onehack.st/t/coffee-crisis-prices-soar-to-47-year-high/296602 "2024-11-29T23:38:50Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [November 29, 2024, 11:38pm UTC](https://onehack.st/t/coffee-crisis-prices-soar-to-47-year-high/296602/1 "2024-11-29T23:38:51Z")

</div>

**Summary:**

1. **Record Prices**  
Coffee prices have surged to their **highest in 47 years** , driven by **extreme weather** in Brazil and Vietnam, the top producers of **arabica** and **robusta** beans.

2. **Climate Impact**  
Brazil faced its **worst drought in 70 years** , followed by heavy rains, while Vietnam endured **three years of low output** , tightening global supplies.

3. **Supply Concerns**  
Arabica prices reached **$3.18 per pound** , prompting major companies like **Nestlé** to **raise consumer prices** due to reduced supply.

4. **Tariff Pressures**  
Future tariffs are adding pressure, with roasters accelerating imports to **avoid higher costs** later, according to trade analysts.

5. **Market Outlook**  
Continued weather instability and trade uncertainties suggest that coffee prices may **remain elevated** , impacting both producers and consumers worldwide.

**Read more at:** [Semafor](https://www.semafor.com/article/11/28/2024/coffee-at-highest-price-since-1977-following-extreme-weather-in-vietnam-brazil)