Be careful, drinking a coffee could soon cost you more.
According to BFM TV, manufacturers in the sector have planned to increase prices.
The poor harvest this year due to drought and frost, as in Brazil, the world's largest producer, is to blame, as are the increase in transport costs.
This context thus influences the price of arabica and, to a lesser extent, of robusta.
At the same time, coffee consumption is not falling, especially since the reopening of bars and restaurants.
In addition, new consumers in Asia are emerging.
An impact on prices
Even if prices rise or crops fail, coffee will always have consumers.
Thus, the world coffee market is expected to grow by 9% per year over the next three years and exceed $ 400 billion, according to Starbucks, quoted by BFM TV.
The American giant clarified that “pricing will be one of the many levers” used “to compensate for these headwinds”.
Same story with Nestlé and its Nescafé and Nespresso brands.
According to the news channel, the rise in prices is already there: the pound of Arabica coffee has reached levels not seen since 2014. For example, the Colombian pound of coffee rose in July to 2.2 dollars against 1 dollar. at the same time last year.
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