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Coffee bean supplies are dropping in US

It could mean higher prices
The coffee bean deficit is being blamed on a massive shipping container shortage that's made...
The coffee bean deficit is being blamed on a massive shipping container shortage that's made moving anything around the globe more difficult.(Source: CNN)
Published: Mar. 27, 2021 at 1:11 PM CDT|Updated: Mar. 27, 2021 at 1:13 PM CDT
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(CNN) – Coffee bean stockpiles have sunk to a six-year low in the United States and that could soon hit java drinkers right in the cup.

The deficit is being blamed on a massive shipping container shortage that’s made moving anything around the globe more difficult.

Brazil had a record crop this year when it comes to coffee beans, but thanks to the COVID-19 pandemic, getting them from South America to the United States has become extremely difficult.

Even if the shipping container situation gets resolved, multiple analysts say they’re anticipating a global supply deficit which could lead to coffee chains increasing prices.

The coffee situation was already tight in the United States.

Bloomberg reports supplies of unroasted beans were down over 8% from a year ago in February.

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