Supply Lines

Bad News for Coffee Addicts: Cheaper Beans Are Getting Pricier

A worker holds coffee beans at the El Crucerito' farm in Sevilla, Colombia, on May 14, 2024. — A worker holds coffee beans at the El Crucerito' farm in Sevilla, Colombia, on May 14, 2024.
Photographer: Jair F. Coll/Bloomberg

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By Agnieszka de Sousa

May 24, 2024 at 11:00 AM UTC

The commodities rally is coming for your cheap morning brew.

Prices of robusta coffee beans, the variety most often used in instant beverages, have been on a tear. Futures surged about 50% over the past year and at one point this week jumped as much as 7%, the most since 2010.