BREXIT and the impact on coffee prices - a basic analysis

Coffee and BREXIT

We were a little surprised at the referendum outcome in the UK last week.  A lot of people were surprised! But that's democracy in action.

We're a small business and working out how we might be affected by the BREXIT issue is difficult.

However, apart from the hope that we all might start drinking more coffee to put aside our fears of economic stability or the loss of European friends as they slowly leave a nationalist Britain, in the short term at least I expect coffee prices to rise in the UK.

The reason?

Some of our suppliers price coffee in dollars.  So, the cost of importing coffee will rise.  The long-term slide of sterling against the dollar would have already put pressure on prices.

Any good news?

Maybe in a new version of Britain, small businesses might get a boost as imports of other goods increase and deprived areas of the UK benefit from additional support.  And let's face it as soon as I get a bit of spare cash in my pocket one of the first things I like to do is grab a great coffee.

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