@kinther to World NewsEnglish • 17 hours agoGlobal coffee trade grinding to a halt, hit hard by brutal price hikeswww.reuters.commessage-square42arrow-up1183arrow-down11cross-posted to: [email protected]
arrow-up1182arrow-down1external-linkGlobal coffee trade grinding to a halt, hit hard by brutal price hikeswww.reuters.com@kinther to World NewsEnglish • 17 hours agomessage-square42cross-posted to: [email protected]
minus-squareDhs92linkfedilinkEnglish5•edit-211 hours agoLogistics cost money Shucking and processing the beans costs money Roasting the beans costs money
minus-squareJohnEdwalinkfedilinkEnglish5•edit-24 hours agoExactly. And all of those stay the exact same price even if raw coffee price increases, meaning the price of a ready made cup of coffee hardly changes as the actual raw bulk coffee is only 1/60th of the total price of a starbucks latte.
minus-square@[email protected]linkfedilinkEnglish5•6 hours agoYou’re forgetting the most obvious factor: charge the most people are willing to pay.
Logistics cost money
Shucking and processing the beans costs money
Roasting the beans costs money
Exactly. And all of those stay the exact same price even if raw coffee price increases, meaning the price of a ready made cup of coffee hardly changes as the actual raw bulk coffee is only 1/60th of the total price of a starbucks latte.
You’re forgetting the most obvious factor: charge the most people are willing to pay.