Arabica Coffee Prices Rise to 10-Year-High Amid Inventory and Supply Pressures

Nicaraguan workers carry sacks of freshly harvested coffee beans on a plantation on the slopes of the Poas Volcano, northwest of the capital of San Jose, Costa Rica, on Nov. 14, 2007. AP Photo/Kent Gilbert, File

The prices of Arabica coffee have been rising steadily for quite some time and recently hit a 10-year-high at the ICE exchange, trading at $2.5615 per pound, mostly driven by 20-year-low stock levels.

Arabica coffee is a favorite of artisan shops and served by major chains like Starbucks. The last time coffee prices were higher was back in September 2011 when it was trading at $2.5665.