WASHINGTON, Ill. (WMBD) — Coffee lovers are in for a rude awakening as coffee prices are on the rise.
“Coffee is, on the world market, it’s the second-largest commodity. It’s traded next to petroleum,” said Yvonne Andresen.
Andresen is the owner of The Blend in Washington. She said she first noticed a spike in prices back in April 2021.
“It soared to a five-year high,” Andresen said.
The hike in prices has plenty of causes. The market is primarily controlled by Brazil, responsible for 30% of global coffee exports. Brazil experienced a severe drought, the “worst dry spell in