Illycaffe Hikes Coffee Prices Again, Cheap Coffee Era May Be Over

Illycaffe, a prominent Italian coffee company, announces another price hike in January, following two earlier increases this year. Despite some recent easing, Arabica coffee bean prices remain historically high due to US tariffs and global poor harvests. Other coffee roasters are expected to follow suit, with more price increases on grocery shelves predicted in the coming months. Illycaffe anticipates bean prices to stabilize around $2.80 to $3 per pound by mid-2026, indicating a prolonged period of expensive coffee.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.