Coffee prices on international commodity markets have hit their highest level on record, with consumers likely to see further price increases next year.

The price for Arabica beans has rocketed by more than 80% this year, reaching $3.44 (£2.70) per 0.45kg earlier this week, while the cost of Robusta beans hit a new high in September, BBC reported.

An expert told the title that coffee brands are considering raising prices in 2025 as a result.

Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning

It comes as crops are expected to be smaller than usual after Brazil and Vietnam, the two largest producers in the world, suffered poor weather.

In July, Italian coffee company Lavazza warned that coffee prices will keep rising until the middle of next year as the industry continues to face “very challenging headwinds”.

Vice chairman Guiseppe Lavazza admitted to being “wrong” after he forecast last year that prices would likely begin to fall this year, citing a mixture of supply chain and geopolitical disruption, and poor harvests for the rise in costs.

Just last week, British Retail Consortium chief executive Helen Dickinson said coffee price rises are “imminent” as she noted that costs of other products, including tea and seafood have also remained high amid a challenging winter.