Turkey's coffee prices have tripled since the start of the year
Raw Common Coffee Bean
Turkiye
Published Dec 2, 2021
Tridge summary
Frost and adverse climatic conditions in the world's leading coffee producing South American countries, especially Brazil, adversely affected coffee prices. Freight costs and shipping container shortages rattling global supply chains during the pandemic are also seen as another factor driving coffee prices up. The rise in the exchange rates added to the trouble experienced in coffee imports, while coffee, which was sold at 30 TL per kilogram at the beginning of the year, saw 150 TL. Coffee sellers in Eskişehir said that the kilogram price could rise to 200 TL.
Original content
"GLOBAL LACK OF PRODUCTION AND FROSTURE OF TREES INCREASED PRICES" Koray Özkılıç, a spice maker in Eskişehir, talked about the factors that caused the increase in coffee prices. Predicting that coffee prices will increase even more, Özkılıç said, “Coffee prices, neither dollar, euro, nor gold, exceeded all of them. The reason for this is the lack of production on a global scale and the frost on the trees. The pandemic has added salt and pepper to it. Because of the coronavirus, the number of people to collect coffee beans has decreased. When they all piled on top of each other, prices automatically went up. In addition, freight prices increased due to the instability in the market. Previously, a container of product was transported from abroad to a desired country between 3-5 thousand dollars, but now its price has started to rise up to 20 thousand dollars. Prices skyrocketed when four unexpected events took place, from the lowest to the highest. While the price of coffee was 30 ...
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