Coffee with milk may become 30% more expensive in Russia

Published 2024년 11월 9일

Tridge summary

Russian coffee shops are planning to increase the price of coffee with milk by 30% due to a rise in coffee beans and milk prices from major producers. The price hike is attributed to a 40-80% increase in the cost of coffee beans and a 15-20% rise in milk prices over the past two months. Despite milk making up only 10-15% of the cost of these drinks, the price of coffee beans has the biggest impact. This situation is worsened by negative forecasts for coffee bean harvest and exports in Brazil and Vietnam, with Vietnam expecting a 20% drop in coffee exports due to unfavorable weather.

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

Original content

Due to the rise in prices for coffee beans from major producers and milk in Russia, prices for one of the most beloved drinks in the country, coffee with milk, may increase by 30 percent in Russian coffee shops. This is reported by Shopper’s, citing forecasts from experts and market participants. In particular, the coffee shops Cofix and One Price Coffee have already raised the price of this drink by 30 and 20 rubles since October 1, and Doubleby is also considering changing the price tag. At the same time, the publication notes that coffee with milk is very popular with Russians. Most visitors to coffee shops, 51 percent, order cappuccino, 23 percent buy latte, more than 19 and five percent buy Americano and espresso. The rise in prices for this drink is associated with the rise in prices for Arabica, Robusta, as well as ready-made milk and cream. In particular, prices for the two types of coffee beans have increased by 40 and 80 percent. According to Artem Belov, CEO of ...

Source: Rosng