Bean shortage drives up cost of that Cup of Joe

Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

  • Bean shortage drives up cost of even the cheapest cup of coffee
  • The crops in Brazil, which is the second-largest grower of the Robusta variety, have been hurt by drought.
  • Key growers, however, are finding it difficult to keep up with the surge in demand, with wholesale prices this week hitting the highest level in nearly twelve years.
  • The odds of global Robusta shortages easing any time soon look bleak.
  • The switch was first observed among roasters who increased the amount of Robusta used in commercial blends to offset higher arabica costs and energy bills.
  • Then, double-digit inflation in many parts of the world saw grocery bills surge to the highest in decades, forcing some consumers to trade down to cheaper options.

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