State of Coffee 2011 - Going Up
Posted 02 March 2011 - 03:05 PM
At the specialty shop where I buy my freshly roasted beans, we're talking $16 for 12 ounces of Stumptown, in a lot of cases.
Is there a point where you'll just switch to tea? And, what kind of prices are you all seeing?
Posted 02 March 2011 - 03:16 PM
I must also confess that I really don't mind too much.
I bought some small lots of coffee futures last November.
After several days of haranguing by a friend who trades constantly. It was easier than trying to find a logical excuse to say no.
Still hanging on.
Posted 02 March 2011 - 03:22 PM
I don't think the prices have gone up that much in the past year or so--maybe 10% tops. I've been buying Intelligentsia for about 6 years now though, and a few years ago the prices climbed about 25% (from about $16/lb to about $20/lb online). This may have coincided with their move to always In-Season offerings and their push to match/exceed Fair Trade-like prices with farmers.
I don't think I'll really ever find tea to be a coffee substitute. Sure, it's hot and has caffeine, but IMO it's a totally different (though delicious) beverage. And as a one cup a day drinker, I can weather these price increases for a while.
Edit to add one more thought: If increased prices make me change my behavior, I bet it will prompt me to roast my own rather than stop drinking coffee. Or at least I'll try.
Edited by emannths, 02 March 2011 - 03:24 PM.
Posted 02 March 2011 - 03:23 PM
Posted 02 March 2011 - 06:34 PM
Maybe I'll have sticker shock the next time I go to refill...
Posted 02 March 2011 - 07:14 PM
Most recently I was able to buy some green beans from a local roaster for $6/lb - this was a Peru origin that undoubtedly is pretty cheap and unremarkable, but I find that freshness goes a really long way in producing an enjoyable cup of coffee and you can't beat the price compared to roasted beans at the store.
Posted 03 March 2011 - 01:35 AM
Edit: Corrected more-than-usually spectacular and embarrassing typo.
Edited by Mjx, 03 March 2011 - 01:37 AM.
Posted 03 March 2011 - 04:25 AM
According to this, the "commodity" has hit a 14-year high. Notably:
Coffee futures have doubled in the last year, closing at $2.46 per pound on Thursday. That's the highest price since May 1997, when coffee was trading at $3.20 per pound.
andiesenji might be onto something . Of course, in May 1997 I doubt there were this many specialty roasters and independent coffee shops in existence.
Posted 03 March 2011 - 05:59 AM
Not stopping and I am seriously considering home roasting.
Posted 04 March 2011 - 12:39 PM
Mjx: I am curious where in Italy you are finding coffee orders and magnitudes better than what is available stateside. My experience with Italian coffee has been a mixed bag.
Posted 10 March 2011 - 12:55 PM
Here in Boston (well, Somerville), I'm buying single-origin Intelligentsia at $12.75-16+ for 12oz (generally slightly less than their online prices on a prorated basis). Stumptown house blend is also something like $12.75/12oz.
Where are you getting Stumptown and Intellgentsia in Somerville? I usually get Rao's or Jim's, it's like $10-11 for a 12-oz bag. Prices seem to have been fairly stable over the last few years, but who knows what the future will bring. Historically coffee prices have tended to be pretty volatile (it's hardly the first time people have complained about expensive coffee), like most ag products, but in the long run will probably increase for a variety of factors--growing global demand, environmental changes, etc.
blog: The Institute for Impure Science
Posted 10 March 2011 - 01:04 PM
Where are you getting Stumptown and Intellgentsia in Somerville?
Both are available at Bloc 11 (Union Sq) and Diesel Cafe (Davis Sq). I've also heard good things about Barismo, sold at Simon's in Cambridge, but I still haven't gotten around to trying their beans.
Edit to add: Btw, the roast date is on the barcode at the bottom of the Intelligentsia bags (in a 03.10.11 format). Bloc 11 usually gets their shipment of Intelligentsia on Friday, so if you look through the bags on the weekend, you can usually find some less than a week old. I think the date is more obvious the Stumptown and Barismo bags.
Edited by emannths, 10 March 2011 - 01:07 PM.
Posted 21 October 2011 - 02:12 PM