With 40% annual growth in coffee consumption in the country, what is the impact of the increase in global prices on Iranian producers?

Published 2024년 12월 19일

Tridge summary

In 2024, the global market is expected to see significant price fluctuations in both cocoa and coffee due to severe droughts and rising temperatures in the tropical regions where these crops are grown. The main producing countries, including Brazil, Vietnam, Colombia, and Ethiopia for coffee, and the limited number of regions for cocoa, contribute to this vulnerability. The situation is further aggravated by the concentration of production in a few countries, leading to a climate change impact on the industry. Iran, which imports about 50,000 tons of coffee annually, is experiencing an increase in world coffee prices, leading to challenges for domestic producers due to high global demand and financial difficulties. The Iranian Coffee Association is calling for changes to the current import system to better support producers.

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

Original content

According to ISNA, cocoa and coffee prices will experience severe fluctuations in 2024, and severe droughts and rising temperatures, along with global dependence on a limited number of producing regions, are the main reasons for this significant price increase. Coffee is cultivated in limited tropical regions, and its main producing countries are Brazil, Vietnam, Colombia and Ethiopia. The concentration of coffee production in a few main countries such as Brazil and Vietnam, which produce more than half of the world's coffee, has caused the industry to be severely affected by climate change. In an interview with ISNA, Ali Mahjorian stated about the effects of the global increase in coffee prices in Iran: The price of coffee in the world has increased by at least 80 percent on average this year, and the reason for this price increase is both the climatic conditions of the growing countries and high global demand. He stated that due to the increase in the world price of coffee, some ...

Source: Isna