Tridge summary
The article highlights the concerns of experts, including Anton Trenin of the Analytical Credit Rating Agency of Russia (ACRA) and German coffee distributors, who forecast a significant increase in coffee prices by 2025 due to adverse weather conditions in key coffee-producing countries like Brazil and Vietnam. These weather issues are expected to reduce coffee harvests, leading to a decrease in supply and a surge in demand, which will drive the price increase. The article specifically points out that the average price of coffee in Russia is likely to rise by 20-25%, and German consumers may see a minimum 30% increase in regular coffee prices and up to 50% for organic coffee. This situation is further complicated by the dependence of global coffee markets on foreign supplies and the US dollar exchange rate. The article also notes that coffee consumption in Germany has been on the rise, with Germans drinking more coffee than ever before.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Currently, Arabica coffee accounts for 70% of the world's total coffee production, while Robusta accounts for the remaining 30%. "Brazil is the world's largest coffee producer and meets about a third of global demand for Arabica coffee. The drought in Brazil continues to weigh on the market... Meanwhile, storms and scant rainfall in Vietnam, the world's largest Robusta producer, are expected to reduce the coffee harvest," said Anton Trenin, an expert at the corporate rating team of the Analytical Credit Rating Agency of Russia (ACRA). Coffee prices are forecast to increase 'shockingly' in 2025 due to adverse weather - Photo: HL ACRA experts commented: "Russia does not produce coffee and this product is completely dependent on imports... If we consider the average price, the situation is unlikely to improve by 2025 and accordingly, coffee prices may increase by 20-25%". According to Mr. Trenin, the Russian coffee market is completely influenced by foreign supplies and the US ...
Source: Voh
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.