Connect with us

Pittsburg, PA

Rise in bean prices could negatively affect Pittsburgh-area coffeehouses, consumers

Published

on

Rise in bean prices could negatively affect Pittsburgh-area coffeehouses, consumers


PITTSBURGH (KDKA) — Concern remains that increased tariffs on Colombia could mean an increase in the cost of coffee in the U.S.

In the Strip District, you’ll find several places to grab a cup of coffee, and inside Caffe Mona, you’ll see many people enjoying warm drinks.

“Different types of coffee drinks like lattes, cappuccinos,” said Caffe Mona server, Betsa Ocando.

Now, the beans behind those caffeinated beverages hit a record high cost. According to Trading Economics Arabica, coffee futures set a record high for the closing price on Monday at around $3.45 per pound. This is all fueled by supply concerns and growing tensions overseas.

Advertisement

Monday’s closing price spike shows trade uncertainties after President Trump posted on social media. 

On Sunday, he claimed he would raise a 25% tariff against Colombia to 50% on all goods coming to America after one week. He made those tariff threats against Colombia for initially blocking the arrival of deported migrants from the U.S. on military planes.

While it didn’t change the prices yet, KDKA-TV spoke to many about how much a price increase would impact Pittsburghers.

“It will definitely affect a lot of people,” said Ocando. 

Hundreds of people frequent Caffe Mona and Allegheny Coffee and Tea Exchange every day.

Advertisement

“Hopefully, it won’t be too bad, but we just kind of have to see,” Allegheny Coffee and Tea Exchange barista Mitchell Delong said.

The price of coffee beans increased significantly from March to now. 

“We try to keep our prices regulated for that. We go down, we go up, depending on what it is,” Delong said. “It’s kind of scary because maybe this could be a precursor, you know? We get coffee from everywhere, all over the world. You know, this is Colombia, what’s going to happen in a couple of months, a year from now?”

A tight coffee bean supply escalates the costs even more. 

Brazil is the top coffee bean producer and has seen a lack of rainfall in key coffee bean areas. It’s a potential pinch on the pocketbook, but customers may be willing to consume to get their morning brews. 

Advertisement



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Pittsburg, PA

Aliquippa community holds fundraiser for family of man who was assaulted at local VFW

Published

on

Aliquippa community holds fundraiser for family of man who was assaulted at local VFW


Aliquippa community holds fundraiser for family of man who was assaulted at local VFW – CBS Pittsburgh

Watch CBS News


Community members in Aliquippa held a spaghetti dinner fundraiser for the family of a man who was assaulted at the VFW last month. KDKA-TV’s Ricky Sayer has more.

Advertisement

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Source link

Advertisement
Continue Reading

Pittsburg, PA

Pittsburgh Botanic Garden set to host Hearts in the Garden event

Published

on

Pittsburgh Botanic Garden set to host Hearts in the Garden event



CBS News Pittsburgh

Live

PITTSBURGH (KDKA) – Pittsburgh Botanic Garden will host the Hearts in the Garden event Feb. 7-16.

Advertisement

The event will add to the existing gardens with heart-shaped designs lining the garden’s pathways, and visitors can play a game with a clue sheet to find all 20 hidden hearts between Feb. 9-18.

During a visit, guests can also enjoy heart-themed specials in the Canopy Café and shop for nature inspired merchandise, gardening tools, seeds and decor.

The garden includes Garden of the Five Senses, Allegheny Plateau Woodlands and Hillside Pollinator Garden. 

To learn more about the botanic garden, event details or ticketing information visit the website. 

Advertisement



Source link

Continue Reading

Pittsburg, PA

Monroeville Mall sold for more than $30 million

Published

on

Monroeville Mall sold for more than  million


Owners of Monroeville Mall announce sale

Advertisement


Owners of Monroeville Mall announce sale

00:29

Advertisement

MONROEVILLE (KDKA) – The owners of the Monroeville Mall have announced that it has been sold for a price of $34 million. 

This includes the main mall building as well as the adjacent strip mall, the expansion near the front entrance, as well as the land parcels for Best Buy and Firestone. 

The company that owned the mall, CBL Properties, said the sale will allow them to focus on what they call “higher performing properties.” 

“The sale of Monroeville Mall is a great example of the resilient value of the well-located real estate in a dynamic market,” commented Stephen D. Lebovitz, CBL’s Chief Executive Officer in a statement. “This transaction allows us to focus efforts on higher productivity properties, generates significant cash proceeds, and further reduces leverage.”

Monroeville Mall has been up for sale since December, but it is not known at this time who the mall was sold to. 

Advertisement

This is a developing story, stay with KDKA on-air and online for the latest. 



Source link

Advertisement
Continue Reading
Advertisement

Trending