Global: Coffee continues to rise in price, although food prices are falling

Instant coffee in Europe is rising in price, although food prices for consumers in general have started to slowly retreat from the high values recorded worldwide in 2022, DPA informs. Most likely to be affected is the UK, where tins of instant coffee sell for the equivalent of $13. In an attempt to deter thieves, some supermarkets are forced to put fake boxes on the shelves or stick security labels on the real ones. Shop prices "have risen due to raw material costs remaining high globally," said Helen Dickinson, chief executive of the British Retail Consortium. The wholesale price of robusta, the type of coffee commonly used to make instant coffee, hit a 15-year global high in May, although overall agricultural commodity prices began to fall from peaks seen after Russia's invasion of Ukraine in February 2022 Coffee rose even though the United Nations Food and Agriculture Organization (FAO) global food price index averaged 124.3 points in May, down 2.6 percent from April and ...