In Ukraine, the price of coffee is on record

게시됨 2024년 7월 28일

Tridge 요약

Global coffee prices are on the rise due to adverse weather conditions in major coffee-producing countries like Vietnam and Brazil, coupled with increasing demand in markets such as China. Efforts to ensure fair payment to farmers and new EU regulations requiring proof that coffee is not grown on recently deforested land are also contributing to the price hike. The widening price gap between robusta and arabica beans is pushing companies to opt for lower-quality beans, further driving up costs for consumers.

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원본 콘텐츠

With coffee prices rising around the world, fans of the invigorating drink will have to shell out, and the risks associated with counterfeiting are also increasing. This is reported by Bloomberg. Robusta grain prices have soared to their highest level since the 1970s. Higher-quality Arabica beans were the most expensive in two years earlier this month. Part of this increase is due to bad weather. Drought in Vietnam, where robusta is grown, has led to a fourth consecutive year of global shortages, and dry weather in Brazil has reduced the arabica crop as damaged trees produce smaller beans. The price gap between the two varieties is forcing companies to look for lower-quality Arabica beans to cut costs. As a result, coffee shops have no choice but to raise prices. However, it is not only the weather that contributes to the increase in prices. Rising demand in markets such as China is keeping the market under pressure. There is also growing awareness that coffee traders and roasters ...

출처: Agrobusiness