Turkey's coffee prices have tripled since the start of the year

Published 2021년 12월 2일

Tridge summary

South American frost and adverse weather conditions, global supply chain disruptions, and increased exchange rates have led to a significant increase in coffee prices. The rise in coffee consumption, particularly among younger generations in Turkey, who prefer coffee over black tea, has also contributed to the price hike. Despite the high prices, coffee drinkers in Turkey are not giving up on their daily coffee consumption, buying smaller quantities to manage the cost. Some predict that prices may further increase due to ongoing freight shipping cost fluctuations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Frost and adverse climatic conditions in the world's leading coffee producing South American countries, especially Brazil, adversely affected coffee prices. Freight costs and shipping container shortages rattling global supply chains during the pandemic are also seen as another factor driving coffee prices up. The rise in the exchange rates added to the trouble experienced in coffee imports, while coffee, which was sold at 30 TL per kilogram at the beginning of the year, saw 150 TL. Coffee sellers in Eskişehir said that the kilogram price could rise to 200 TL. "GLOBAL LACK OF PRODUCTION AND FROSTURE OF TREES INCREASED PRICES" Koray Özkılıç, a spice maker in Eskişehir, talked about the factors that caused the increase in coffee prices. Predicting that coffee prices will increase even more, Özkılıç said, “Coffee prices, neither dollar, euro, nor gold, exceeded all of them. The reason for this is the lack of production on a global scale and the frost on the trees. The pandemic has ...
Source: Haber7

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