Coffee drinkers face price rises as costs on global markets hit record high

The coffee price pressure follows predictions of smaller harvests this year after the world’s largest producers were hit by bad weather. Photograph: Alberto Grosescu/Alamy

Your morning caffeine hit could become even pricier in the new year after the cost of coffee beans on international commodity markets soared to a record high.

On Tuesday, the price for arabica beans, the world’s most popular variety, topped $3.44 (£2.70) a pound, having risen more than 80% this year. Meanwhile, the cost of cheaper robusta beans, used in instant coffee, has almost doubled this year, with the price touching $5,694 a metric tonne in late November.