Coffee prices in Turkey tripled, kilogram 150 TL

Published 2021년 12월 1일

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 in Turkey, where a kilogram of coffee has doubled in price to 150 TL, and the high demand for coffee despite the higher costs, indicate a global coffee price surge due to low production and increased demand. Despite the financial strain caused by the price hike, coffee drinkers in Turkey and around the world continue to enjoy the beverage, with expectations of further price increases.
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 increase in the exchange rates brought salt to the problem experienced in coffee imports, while the 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 production shortage and frost on trees increased prices" Koray Özkılıç, a spice maker in Eskişehir, talked about the factors that caused the increase in coffee prices. Estimating that coffee prices will increase even more, Özkılıç said, "Coffee prices, neither the dollar, nor the euro, nor gold, have exceeded all of them. The reason for this is the lack of production on a global scale and the trees see ...

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