Coffee Prices at a 13-Year High

8 years 1 month 3 days ago Thursday, September 16 2010 Sep 16, 2010 Thursday, September 16, 2010 4:17:10 AM CDT September 16, 2010 in News
COLUMBIA - The jolt of caffeine you get from your coffee might not be the only jolt you get the next time you buy a cup of Joe. The slow-roasted rich cup of coffee many of us enjoy each morning, may start costing a bit more.

"Up until the start of the month of September coffee for us is up about 63 cents a pound," said Lakota owner Skip Ducharme.

Besides weather conditions driving up prices, Ducharme believes other countries are starting to hoard coffee, causing an decrease in supply.

"The green coffee prices fluctuate a little bit every day, but when you see it climbing and climbing up, that is quite a significant increase in price that I have to pay just to get it into the store," said Ducharme.

Lakota customers showed little concern Wednesday about a possible price increase.

"I'd probably cut back a little bit, but overall I'd say no, coffee is something that I am going to continue drinking. If it's raised a quarter or 50 cents, I'll probably drink the same amount," said Lakota customer Zach Brumaster.

Ducharme said for now he'll wait and see how his profits play out. He said the earliest his customers might have to pay more is Thanksgiving.

The Associated Press reported brands like Folgers, Millstone, and Dunkin' Donuts raised the prices of their coffee products by nine percent last week.

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