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Prices like £5 in London or $7 in New York for a cup of coffee may be unthinkable for some - but could soon be a reality
This person is kidding, right? The price is already $7 for a simple Latte in Starbucks’ home territory. I’m not talking about Starbucks pricing BTW, that’s even higher. I’m talking about chain and non-chain stores. Everywhere the price is already through the roof. Is it that much lower in NYC?
A latte is not a cup of coffee. I think black coffee is like 2 bucks.
Worth clarifying that the person is talking about an Americano.
$7USD is over $11NZD. I have no doubt that some places charge a lot for specialty coffee, the article specifically addresses that the cost of your average coffee is catching up on the specialty coffees. But is a regular, normal coffee from a cafe or coffee shop actually $7USD?
In NZ I'd expect ballpark of $5-6NZD for a latte, about half the cost of a $7USD coffee.
Yeah most of that cost is “inflation” (corporate profits are through the roof).
"A study from 2022 concluded that even if we drastically reduce greenhouse gas emissions, the area most highly suited for growing coffee could decline by 50% by 2050."
The area most highly suited NOW, but imagine global warming making new areas suitable for growing.
Oregon has the volcanic soil and the rain, but not the sunlight or the heat. Could that change by 2050? 🤔
Interestingly, in the last few years New Zealand has had it's first commercial coffee grower set up right near the top.
It's definitely specialty and is very expensive ($55NZD for 180g - which is $305NZD per KG or $188USD per KG or $85USD per lb).
But the fact they can grow it here at all is a sign of things changing.