Italy: Coffee prices at source exploded, increases at bars limited

Published 2024년 8월 25일

Tridge summary

The President of FIPE-Confcommercio, Lino Enrico Stoppani, has addressed the concerns over the significant increase in coffee prices, with Arabica and Robusta blends surging by over 60% and 90% respectively in the past year. This price hike is attributed to the climate crisis, geopolitical tensions, and increased maritime freight rates. Despite these challenges, Italian public establishments have absorbed most of the cost increases, trying to limit the impact on consumers. FIPE's data shows that bar prices have only risen by 13% over four years, despite an expected inflation rate of +16% during the same period. The Federation also highlighted that price increases in different cities are not as drastic as suggested in the media and emphasized a decrease in the number of companies engaging in bar activities over the past decade.

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Original content

Rome - “We share the concerns regarding a probable further strong increase in the price of a cup of coffee at the bar, an increase that has so far been contained by the responsibility of Italian Public Establishments that are absorbing the very strong increases in blends caused by increases in prices at source. The climate crisis that has devastated crops in producing countries, Vietnam in particular, the geopolitical tensions that are changing traditional supply routes, the explosion of maritime freight rates, are the main causes that are determining the increases in prices at source on the London and New York commodity exchanges, with Arabica having increased by more than 60% in one year and Robusta by over 90%. In these conditions, increases become inevitable, despite the attention, responsibility and interest of Public Establishments to protect the consumption of a cup of coffee, also a symbol of the identity and values of Italian sociality”. This is the comment of Lino Enrico ...

Source: Agricolae