The price of U.S. coffee has risen the most since 1997, the supply from Brazil has decreased, and Vietnam has not been able to fill the gap.

According to data released by the U.S. Bureau of Labor Statistics on September 11, ground coffee reached a record high of $8.87 per pound in grocery stores in August, while the consumer price index for coffee increased by 21% compared to the same period last year—the fastest rate of increase since 1997. The global coffee market has seen sharp price increases over the past year due to poor harvests in major exporting countries, reducing supply. The situation in the U.S. has become even more challenging. U.S. coffee roasting companies must import almost all of their raw materials, and costs have risen further since July when President Trump imposed a 50% tariff on Brazilian coffee. This is a significant blow because Brazil is the world's largest producer of high-quality arabica coffee and typically supplies about one-third of the coffee beans consumed in the U.S. As a result, coffee imports from Brazil to the U.S. have halved this year, according to data from shipping data provider ...