Many coffee drinkers face higher prices for their morning joe, as producers grapple with higher bean prices, constrained supplies and other costs
Many coffee drinkers can expect to pay more for their cup of joe at supermarkets and cafe registers, as producers grapple with higher coffee bean prices, constrained supplies and other costs.
Retail brands like Folgers, as well as independent coffee chains, are raising prices or plan to soon, executives said. Starbucks Corp. and Nestlé SA have said they could increase prices, while other coffee sellers try to hold prices steady, aiming to capture more business. Coffee roasters and cafe operators are responding to poor harvests in major coffee-growing regions and logistics snarls that executives said have constrained bean supplies, delayed shipments and boosted costs. Companies are also raising wages to recruit and retain workers.
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