Dr. Michael von Massow in the News: Coffee Prices

The University of Guelph food economist and Alliance research program director explained the economics of rising coffee bean price to Global News.

“We’ve seen some increases in disease and some decreases in yield that have lowered supply, and basic economics 101 — when supply goes down, prices go up,” he said in an interview on Monday.

Coffee prices have remained high amid concerns of dry weather in Brazil, a major coffee-producing country.

Read the story on Globalnews.ca: Coffee roasters and cafés grapple with increasing cost of beans