Canterbury Coffee sales manager Gord Chester told the CBC the price of coffee has doubled since last year. “And, that’s just not good for coffee-bar owners, and it’s not good for us to be telling people, ‘sWe got to raise prices,’s” Chester told the news organization. “Unfortunately there’s such a supply drought right now of high-grade arabicas, this is the byproduct of it. As supply shrinks or as there’s problems in the world like they had in Brazil this year … typically, the price goes up.”
The price hike is due to lowered supply caused by poor weather in coffee-producing South American countries.
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