Soaring cost of a cuppa is revealed: Global tea and coffee prices rise by up to ... trends now
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The cost of a cuppa is set to surge, with coffee and tea prices spiralling on global markets.
Wholesale coffee prices are up by more than 20 per cent since January after crops were hit by extreme weather in key producing countries, including Vietnam and Brazil.
Tea costs have jumped by 34 per cent in the past month alone due to rising industry costs and the Red Sea crisis affecting container ship movements.
UK coffee shops rely on robusta and arabica beans for the millions of americanos, lattes and cappuccinos they make.
The price of robusta bean futures hit £3,211 per ton on the London markets this week, up 20 per cent on January's £2,674. And in New York, the price of arabica beans hit $5,105 (£4,125) per ton, a rise of 23 per cent on $4,151 (£3,354) over the same timeframe.
Wholesale coffee prices are up by more than 20 per cent since January after crops were hit by extreme weather in key producing countries (stock picture)
Tea costs have jumped by 34 per cent in the past month alone due to rising industry costs (stock picture)
A prolonged heatwave in Vietnam, one of the world's largest producers of robusta beans, has damaged crops. Andrew Moriarty, of analysts Mintec, said: 'Robusta prices have been
