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Wholesale Coffee Is Cheaper Than It’s Been In Years. That’s Not Good News.

From: vox.com

American coffee consumption is approaching record highs — as is the cost of a cup of coffee — but the cost of coffee beans is plummeting. A pound of wholesale beans now costs less than $1 on New York’s Intercontinental Exchange, the lowest price per pound in more than a decade, the Wall Street Journal reports.

A dip in coffee prices won’t necessarily change things for the average coffee drinker, but it’s terrible news for coffee farmers, especially small enterprises. For some, the steep drop in price has made the industry unsustainable, often with serious human costs.

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