Nothing compares to the flavor of coffee, and it’s no surprise that it’s one of the most popular beverages on the planet, with about 2 billion cups drank every day. However, experts warn that your beloved cup of joe could see a significant price increase. It’s possible that a global scarcity is just around the corner. While the average price of coffee in New Zealand hasn’t risen significantly, other countries are feeling the pinch. In fact, New Zealand was more expensive than 39 other countries, according to recent study. But Continued logistical challenges and worldwide supply concerns could cause their prices to rise soon.
Brazil, one of the world’s top coffee producers, has been battling a severe drought and the effects of a cold spell. Many crops were devastated, and excessive rain hampered harvest, leaving Colombia with a supply that couldn’t keep up with demand.
With the epidemic wreaking havoc on the transportation industry, coffee prices may likely rise by at least 10 to 20 percent.
Importers of coffee have been dealt a two-pronged blow. Not only is coffee in short supply, but getting it to our shores is proving to be an expensive request. The freight is a major issue: nine containers have been stalled at the Panama Canal for three months, causing a slight shortage in the New Zealand market, particularly from South America. There’s been a significant delay all the way through.
At the same time, shipping costs are currently three times more than they were prior to the pandemic last year, as well as in New Zealand, because of the four-month lockdown period, as a result of so many businesses closing down. Coffee importers in New Zealand have begun to look to other places of the world for future supplies, such as Indonesia, but it’s no secret that Kiwis love their coffee and the distinct flavor of south American beans. New Zealand has surpassed the United States and Australia as the world’s 13th largest coffee consumer, with 66 percent of Kiwis saying they drink coffee on a regular basis. It’s a normal part of life. So one of their pastimes is to get up in the morning and go to the café to get their coffee.