The ASX stock set to benefit as coffee prices hit 47-year highs

The surge in coffee prices to the highest level since 1977 could force more consumers to save money by making their daily brew at home, benefiting ASX-listed small appliance maker Breville.

That is according to Citi analysts who warned the rally in arabica futures, which hit a 47-year high of $US3.35 a pound on Friday, will result in higher costs for cafes, which will likely be passed on to consumers. Nestle, the world’s biggest coffee maker, said just weeks ago that it will raise prices and make packs smaller to blunt the impact of more expensive beans.