Coffee bean supplies are dropping in US
It could mean higher prices
(CNN) – Coffee bean stockpiles have sunk to a six-year low in the United States and that could soon hit java drinkers right in the cup.
The deficit is being blamed on a massive shipping container shortage that’s made moving anything around the globe more difficult.
Brazil had a record crop this year when it comes to coffee beans, but thanks to the COVID-19 pandemic, getting them from South America to the United States has become extremely difficult.
Even if the shipping container situation gets resolved, multiple analysts say they’re anticipating a global supply deficit which could lead to coffee chains increasing prices.
The coffee situation was already tight in the United States.
Bloomberg reports supplies of unroasted beans were down over 8% from a year ago in February.
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