World: Expensive cup of coffee, the price hike for Arabica and Robusta does not slow down

The alarms about coffee price increases continue, after the alarm raised by entrepreneurs at the end of August, which was echoed by consumer associations. Assoutenti, for example, estimated a 68% increase in the raw material compared to last year for the robusta variety. According to the association, in Italy, where espresso alone drunk at the bar generates a turnover of 7 billion euros per year, the cost of a cup has increased by 15% since 2021, with peaks in particular in some cities. And the situation shows no signs of stabilizing: according to analysts, coffee is among the main raw materials to see rising prices. The EU is the leading global importer of green coffee with approximately 34% of the total (source: USDA). According to Eurostat data, in 2023 the European Union imported 44.2 million bags of coffee. 63.8% of imported coffee is of the Arabica variety, 35.6% of the robusta variety. Italy is the EU's second largest importer, with approximately 23% of the total (10.4 ...