Supermarket brands like Nescafé and Folgers have already raised prices — but the world keeps drinking more and more coffee. Brian Phillips gets texts from coffee farmers in Brazil almost every day. They send him photos of rain gauges showing some — or ...

Droughts in top-producing Brazil and Vietnam caused the price hikes. Supermarket brands like Nescafé and Folgers have already been raising prices -- but the world can't seem to get enough caffeine.

Droughts in top coffee-growing countries have shrunk the supply of beans. Supermarket brands like Nescafé and Folgers have already raised prices — but the world keeps drinking more and more coffee.

The cost of coffee has hovered near record highs on the futures market after droughts in top-producing Brazil and Vietnam. Supermarket brands like Nescafé and Folgers have raised their prices.

“People are very reactive to coffee prices and this affects everyone down the chain. The farmers are impacted because they have very low supply. The green coffee sellers are affected because they don’t have that much coffee to sell and the demand is high,” she said.

Discover why coffee and cocoa prices are surging due to drought and high temperatures, impacting top commodities in global markets.

Coffee prices on the futures market hit a 47-year high last week. The increase is beginning to drip down to grocery stores and coffee shops.