Coffee prices are higher than ever and according to the Bureau of Labor Statistics prices for the good are up 20% since July 2021. NBC News’ Guad Venegas reports on how extreme weather patterns are wreaking havoc on farmers in most major coffee-growing countries leading to a historic shortage.
» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App: https://smart.link/5d0cd9df61b80
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
#TopStoryWithTomLlamas #Brazil #Coffee
source
Thanks, Bosonaro..
I am surpised the right isn't blaming Biden for this. After all, it was his fault for baby formula and global inflation.
Another climate change model prediction coming true. We've known for some time that coffee crops would be very vulnerable to the climate crisis.
IDC spend your money on starbucks. OMG coffee costs so much!! Shut up. Buy and brew it yourself instead of being a trendy sheep and getting it at a franchise.
Good job Trump. Global warming doesn't exist
that's why I buy Columbian or from Sumatra
Just have all the open boarder crossers to bring the beans.
It's inexpensive to make coffee at home. If you pay $6 every morning for a coffee and a snack and switch to making it at home for cents on the dollar, you could save about $180 a month, plus whatever it costs in the gas to drive.
Nooooooooo! I need my coffee!!!!
I remember 1 lb cans of coffee as a kid, then it went to 14 Oz then 12 Oz then 11 Oz and now I'm seeing some 10.5 Oz all so we don't notice the price hikes.
I CANT ANYMORE
A morning cup of Joe now feeling like a morning cup of inflation 🧐
I will start stockpiling, love my java.
😅 I guess I'm the only human alive who doesn't drink or need coffee cuz this story seems to really devastate everyone else
It's all a scam people! Everything is driven by greed and racketeering!
For the Biden Administration, I was paying $599 for coffee, now I'm paying $9.99. The prices are ridiculous at the grocery store! Call it climate change call it what you want, but they're spending money where they shouldn't and it's time to help the people! It's Miss spending of money, we're not talking about the money spent on climate change that should have happened 40 years ago we knew about it then! And now the mad rush is here! But it's not it's about the war it's about everything that's going on outside of climate change and spending money so frivolously! It's our money not Biden's! But, I believe that God is in control! And I don't think he's very pleased with what he sees going on he's a good God and he loves the poor and cares for them! Which is more than I can say for the Democratic party who pretends to care for the poor!
@CRM
😑 Doesn't affect me. Coffee is most disgusting drink in the world, should be called bean juice.
Storm Brewing 😏 ah ha, I see what you did there. . .
Ain't no extreme weather in Brazil, I live here, stop lying to people 😂😂
It’s the usual CNBC topic cycling of “OMG coffee is gonna be $10.” Other topics include:
we are running out of water,
we are running out of sand.
Waiting for those to hit the video cycle.
IM FROM BRAZIL 🇧🇷……no I’m not. 😆
What's next AIR !
Hmmm… 🤔 Between gasoline prices and coffee prices we're going to have few choices. Boss wants you at work, so you drive; or… boss wants you awake during opening hours, so you work from home and enjoy coffee… tough choices. 🤪
I'm glad I prefer Ethiopian
Not the coffee 🤣🙄🤬
2:06 Exactly. The first cup of coffee I drank was in Miami, and that was at the age of seven. I am the son of a Cuban refugee. "Gusano y orgulloso," that's the motto.
Alright well New York runs on coffee… Miami runs on cocaine.
Just make the coffee at home. Cost .25
Just drink tea.
Lets do the math here. A shot of espresso is about 25 cents for the coffee beans. A coffee drink at Starbucks is what 5 dollars? So the cost of the coffee beans is only 5 percent of the price. Go ahead Starbucks raise the price of cappuccino by 10 cents.
Storm Brewing.
Yet another Biden failure
I don't understand how Joe Biden and your administration still have 42% of the approbation, and my doubt is: are American citizens dumb? All people around the world that accompanies US policy, that accompanies US economic situation, that accompanies US high criminality, that accompanies the attempt of the change about American ideolody from capitalism by socialism and maybe communist, understand that Joe Biden is one truly disaster for US and for worldwide and for all world.
You mean gas prices and raw material prices have gone up
"I need a new drug…" – Huey Lewis
One of the big benefits of coffee is it's anti-malarial. And so is tobacco!
Don't worry Joe Biden will fix it ! 🤺 so, that poor
limp wristed fellow
won't have to worry
while waving his
rainbow flag ! 🇨🇦🥰
As if paying $5 for a cup of coffee at Starbucks wasn't bad enough, you people are pathetic
Awwww boohoo. Yall will live lol 😆
Not true, the price is too high because of millennials, avacado toast, and participation trophies.
☕☕☕