Coffee prices in the world have jumped sharply: when will the price increase reach Ukraine?

Published 2024년 12월 17일

Tridge summary

World coffee prices have surged, leading to a significant price increase in Ukraine for both consumers and businesses. The price rise, expected to be noticeable by next month, is expected to last until July or August 2025 with a possible maximum reduction of 20% after the Brazilian harvest in June. The price hike will result in a 80-100% increase in the cost of coffee for the end consumer. In addition to coffee, the prices of vegetables and fruits, particularly potatoes, white cabbage, carrots, onions, cucumbers, eggplant, oranges, tangerines, and clementines, are also experiencing increases due to increased demand and import activities.

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

Original content

World coffee prices have increased significantly. The Ukrainian market usually reacts with a slight delay, but next month Ukrainians will feel the price increase. "Until the New Year and mid-January, there is a possibility of maintaining the usual prices due to stocks. Coffee chains that work under fixed contracts will be able to temporarily maintain prices, but in just one season (about six months) the changes will become noticeable to consumers both in supermarkets and in establishments," explained international coffee expert Vadim Granovsky in a comment to RBC-Ukraine. At the same time, co-owner of Escobar Coffee Roasters Andriy Titov noted that from the moment of price increase on world markets to the price increase in Ukraine, it will take from two weeks to two months. "Roasters will feel the price increase from the beginning of January, and by February prices for consumers will become abnormally high. For example, a cup of espresso, which currently costs about 40-45 ...

Source: Unian