Drought and unusually cold weather in Brazil — the world’s largest coffee exporter — have affected crops. And a shortage of shipping containers has restricted exports and led to higher shipping costs. As a result, the price of coffee beans has risen by 42 percent so far this year. Buying coffee more than a year in advance has helped big buyers like Starbucks, but smaller roasters can’t hold off that long. Your Evening Briefing is posted at 6 p.m. Eastern.

Source: International New York Times August 16, 2021 22:07 UTC