It may not be time to start hoarding grind coffee, instant coffee or coffee beans just yet. According to reports, however, a coffee scarcity is just beginning. Whenever something starts becoming scarce, prices go up. Have you noticed prices going up for coffee yet?
Coffee Exports to Drop
According to Bloomberg Businessweek, "Coffee Exports to Drop Amid 'Scarcity,' ICO Says".
The chief exporters, Colombia and Brazil, just aren't capable of producing more coffee right now. I don't know what the deal is with Colombia, but Brazil apparently received too much rainfall last year.
Stock market investors are having a field day, expecting prices to rise even further than they already have.
Home Grown Coffee
It may be time to start thinking about buying coffee grown in your home country. It wasn't by design, but I've been buying a local brand of coffee since I've lived in the Philippines: Nescafé. I buy the instant coffee that comes in 200 milliliter jars, at a cost of 215 pesos or a little less than USD $5.00 per jar. It's grown, packaged and produced by Nescafé Philippines even though it's not locally owned. The price hasn't gone up in the last year, of that I'm sure.
It's far cheaper than any of the imported coffee products and tastes better than most. Nescafé is also sold as canned iced coffee, just like other well-known brands. I have been trying to put aside some money to buy a decent automatic drip coffee maker but… not only have I not set aside the money, I haven't actually seen a decent automatic drip coffee maker since I started looking around.
I don't think Nescafé is sold as grind coffee. I could be wrong, but I've never seen anything but what I mentioned (and that includes their pricier brand, Taster's Choice). If coffee exports are indeed dropping and prices are rising, then it's in my best interest to just continue drinking what I've been drinking – Nescafé instant coffee.
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This article was originally published as: Is Coffee Beginning to Get Scarce?