"This is bad for us," said Nicolas Giraldo, president of Norfolk-based First Colony Coffee and Tea.
"We are getting squeezed in the middle."
The price spikes are due in part to the disruption in the production and supply of Arabica coffee, grown primarily by Colombia.
"The basic issue is supply," Giraldo
"The major, high-quality coffee is Colombian and Colombia has struggled with its crops for the past two years.
That has put a pressure on the market.
"La Nina and La Nina weather patterns have hammered Colombia and Central America," Giraldo
"Colombia has two crops a year - the beginning of the year and then in September.
La Nina hammered the first crop."
Brazil grows one crop a year.
But the harvest is cyclical, Giraldo
One year it's up and one year it's down.
Yet demand has never softened, Giraldo
Demand has kept up and supply has been tight.
Emerging economies, such as Brazil, have increased their consumption of coffee, which has exacerbated prices, Giraldo
"Almost all the commodities have broken record-high prices," Giraldo
"Historically, coffee prices haven't hit a record high yet.
The worst is yet to come.
"We expect prices to move over $3 a pound by May," Giraldo