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Coffee Prices Soar

May 1, 2014, 10:10 PM by Angela Kennecke

Coffee Prices Soar

You could be paying more to feel your caffeine addiction in the coming months.

The price of your morning "cup of joe" may be on its way up due to a shortage of coffee beans and the little guy is going to feel it the most. 

It's something many people can't live without.  

That's the first thing I do in the morning is put the coffee on, " Janice Thue said.

"I have to have coffee. I can't function without it,” Mavis Waltjer said.

"Oh gosh, I probably have 2-3 cups a day," Carol Tekrony

But this coffee clique is facing the prospect of paying a little more to feed their habit.

"You don't like it, but you do it because life has to go on," Tekrony said.

"You expect to pay more for a good cup of coffee," Waltjer said.

It's the good beans-- Arabica--the kind used by most upscale coffee shops that are up nearly 90 percent in price this year due to a drought in Brazil, which is the world's biggest producer of the beans. 

"We have a big following for our coffee--the Dark Canyon--with the higher grade of bean. We would never look into getting into a lower quality bean," Angela Becker, owner of Lick the Spoon said. 

Becker's supplier does buy its beans in advance, but doesn't have the same buying power as big chains like Starbucks, which doesn't plan to raise prices on its coffee drinks. Independent coffee shop owners could find themselves forced to raise prices. 

"At some point you have to be able to stay in business; if your coffee prices do increase, you have to find a way to make a profit on that.  So you may have to increase your prices. We try to do everything possible not to do that.

Becker says her coffee supplier is also looking at getting beans from other countries like Colombia and Vietnam. 

Coffee drinkers will feel the crop problems in Brazil in more ways than one. Brazil is also the world's biggest producer of sugar, so if you take sugar with your coffee, you may be paying more for that too.

Customers are likely to see higher prices for coffee at the grocery store first.  They could be up as much as 20 to 25 percent.

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