Due to the shortage of robusta beans in the world, the prices of instant coffee are rising

Published 2023년 5월 15일

Tridge summary

The global rise in living costs has led to a demand for cheaper coffee, particularly robusta beans, which are used in instant coffee and espresso mixes. However, a shortage of these beans, driven by high demand and production challenges in key countries like Vietnam, Brazil, and Indonesia, has led to a significant increase in wholesale prices, reaching a twelve-year high this week. This has resulted in a nearly 20% increase in retail prices for instant coffee in Germany and a slower price growth in the US. Despite a slight slowdown in bean inflation, the global robusta shortage is expected to persist, exacerbated by farmers shifting their attention to more profitable crops due to increased fertilizer costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The global rise in the cost of living has pushed coffee drinkers to look for cheaper varieties of coffee, but with a shortage of robusta beans, budget coffee is becoming increasingly difficult to find. Bloomberg writes about it. "While many coffee drinkers prefer the high-quality Arabica sold in coffee shops, Robusta is usually cheaper because the tree is hardier and requires less maintenance, making it easier to produce in large quantities. This variety is often used in instant coffee, espresso and ground mixes sold in supermarkets, which have become popular again as consumers with limited financial options look for alternatives," the agency wrote. However, key producers are struggling to keep up with the surge in demand, with wholesale prices hitting their highest levels in twelve years this week. For consumers in Europe's largest coffee market, Germany, this has had a noticeable impact on retail prices, with instant coffee costing almost 20% more than a year ago, even though ...
Source: Epravda

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