Shoppers: Cappuccino and latte prices increase in coffee shops due to rising milk prices in Russia

Coffee shops in Russia are forced to raise prices not only because of the rise in coffee prices. In October, Dmitry Koryukin, director of products for the Doubleby coffee shop chain, told Shopper's about the upcoming price increase of up to 30%, warned suppliers of milk and cream. By the end of the year, prices for milk and cream for coffee shops will increase by 5-7%, estimates the founder and co-owner of One Group (the One Price Coffee and Coffee in coffee shop chain) Sergey Rumyantsev. The rise in prices is already underway. Yana Alkhutova, commercial director of the Cofix coffee shop chain, reported that since the beginning of the year, prices for milk and cream have risen by 30-35%. Rumyantsev says 15-20%. "The increase in prices for dairy products for Shokoladnitsa is in the tens of percent," said Oleg Podgorny, general director of the Shokoladnitsa Group. Alkhutova explains the growth of purchase prices for dairy products by demand exceeding supply. According to her, this ...