Coffee Price Increase 2024. This surge is largely due to severe droughts and wildfires in brazil and vietnam, the world’s. Coffee increased 75.52 usd/lbs or 40.10% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this.
India’s coffee exports skyrocketed by 43% to $926.55 million in the first half of 2024, driven by higher global prices and a 13% increase in volume. Weather disruptions, rising demand and supply chain shortages have driven up the cost of coffee beans in 2024.