Hot and iced coffees increase productivity, health and happiness in the office. Now, stocking coffee for employees and clients is easier than ever. Increased crop yields and lowered prices make coffee an increasingly profitable option for office vending services.
Increased Crop Yields
Because global yields are on the rise for the fourth year in a row, excess coffee inventory is expected to reach 36.33 million bags or close to 8.8 billion pounds. That is the highest surplus since 2009. Brazil alone will produce 49.2 million bags, and the Asian surplus will most likely peak at 6.04 million bags.
While inventories rise, coffee prices fall for the third straight year. The average Arabica price per pound sits close to $1.107. That’s a 54 percent drop since 2010. At 27.95 cents per pound, Robusta prices are the lowest since October 2008.
Vending Services See Increased Profits
These high coffee inventories and low prices contribute to an affordable and plentiful coffee supply for consumers. Setting National Vending coffee makers and hot beverage dispensers in offices and other public locations is more profitable now that ever. From providing hot comfort on cold days to serving refreshing iced options, vending service sales wake up thanks to coffee.