(Smithsonian Magazine) If you’re obsessed with (or barely functional without) your morning cup of joe, you’re not alone— 59 percent of Americans drink a cup of coffee every day, according to the National Coffee Association. And now, that daily cup is poised to become more affordable. As Marvin G. Perez reports for Bloomberg News, coffee prices are falling fast.
Thank the weather in Brazil for the declining price of coffee, writes Perez: A rainy season in the country led to better Arabica coffee growth, which has helped coffee supplies rise and prices fall. It’s part of a bigger global trend toward cheaper food triggered by high inventories, favorable weather, cheap gas and currency declines, Perez notes.