Coffee Prices to Soar: Your Daily Cup Could Cost \$12

Rising Global Coffee Prices Set to Hike Australian Coffee Costs to \$12 Australia is bracing for a significant increase in coffee prices, with experts predicting a cup could soon cost up to \$12. This surge is attributed to a confluence of global factors, including inflation, drought in Brazil, and a recent rise in coffee consumption in China. "Coffee beans are more expensive than ever," explains a barista featured in a recent 7NEWS Australia report. "Inflation, drought in Brazil, and China's increased demand are all playing a role." The report further highlights that Australian coffee suppliers anticipate price increases ranging from \$8 to \$12. This substantial increase will undoubtedly impact consumers and cafes across the country. The situation underscores the global interconnectedness of commodity markets and the potential ripple effects on everyday expenses. While the rising costs present a challenge for coffee lovers, the report serves as a reminder of the complex factors influencing global trade and economics.