Coffee prices expected to rise

Drought in Brazil driving wholesale prices up

(WWLP) – Coffee lovers might need to save a few extra cents to buy their morning cup of joe, due to bad weather on the other side of the world.

Dunkin’ Donuts is scheduled to report quarterly results on Thursday, and those results may be taking a hit, after a severe drought in Brazil has driven up the wholesale prices of coffee. J.M. Smucker, the company that sells Dunkin’ Donuts ground coffee in stores, has already had a 9% price hike.

One coffee-drinker told 22News that a few extra cents won’t make a difference to him. “Maybe if they were doubled the price. You know, 50 cents, 30 cents a cup will not change my habit,” Peter Limoncelli of Guilford, Connecticut said.

Starbucks also announced its price hike last month. The price of drinks went up between 15 and 20 cents, and could be going up again.

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