Coffee drinkers could soon be paying more for a caffeine hit, or be served a poorer-quality brew instead, as global price hikes hit the local coffee industry.
The “world price of coffee” has surged 21.6 per cent this year to $3.65 a kilogram, according to IBISWorld.
What’s behind the price rise? Climate change-related weather events have affected key coffee-producing regions and global supply chain issues are hurting importers.
