Coffee consumption on the rise in Turkey

Published 2021년 7월 31일

Tridge summary

Coffee prices have been rising for the eighth consecutive month, reaching $141.03 per lb in June 2021, a 33.2% increase from the previous year, due to a decrease in coffee supply in producing countries and an increase in global consumption. The International Coffee Organization reports that world coffee consumption increased by 1.9% in the 2020/21 season, while production is expected to increase by 0.3% from the previous year. Prof. Dr. Nazım Şekeroğlu suggests that a coffee crisis may be imminent as production cannot meet the demand, and people may turn to herbal coffees like menengiç coffee, bonito coffee, and chickpea coffee as an alternative.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Kilis 7 Aralik University faculty member, ATABDER President, Ministry of Agriculture and Forestry, General Directorate of Food and Control, Coffee and Chicory Commission Member, Prof. Dr. Nazım Şekeroğlu said that coffee consumption is increasing day by day. prof. Dr. Nazım Şekeroğlu stated that due to the decrease in coffee supply in producing countries and the increase in world coffee consumption, coffee prices increased for the eighth consecutive month in June 2021, "According to the data of the International Coffee Organization (ICO), the average price of coffee will be determined in June 2021. It reached 141.03 USD/lb, which is an increase of about 33.2 percent compared to the same period last year. The figures are the highest today compared to the price of 105.85 USD/lb coffee recorded last October (2020). this figure has approached the highest value of 145.82 USD/lb in recent years (November 2016). Similar increases continue in Arabica, Robusta and all other coffee ...

Source: Sondakika