The most expensive in the last decade: Is Ukraine expecting a sharp increase in coffee prices

Raw Common Coffee Bean

Grains, Cereal & Legumes

Ukraine

Market & Price Trends

Published Feb 18, 2024

Tridge summary

Global coffee prices have surged due to unfavorable weather conditions and low harvests in major coffee-producing countries, leading to a 20% increase in Arabica prices and a seven-year high on world exchanges. In Ukraine, the cost of espresso has risen from 20 to 28 hryvnias in 2022 alone, driven by these global trends and supply chain disruptions, including a shortage of grain transportation containers. While the Institute of Agrarian Economics does not view the situation as critical, it warns of further price increases.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In the world, the price of coffee began to rise rapidly. The price of Arabica has already increased by 20%, and prices on world exchanges have reached a record level in the last seven years. Coffee also became more expensive in Ukraine. UNIAN writes about it. Bohdan Dukhnytskyi, a leading researcher at the Institute of Agrarian Economics, notes that in Ukraine, prices for aromatic grains began to rise from the beginning of 2022. "The main reason for this trend is the increase in coffee prices on world markets due to unfavorable weather conditions and low harvest in the leading countries producing this crop. These are, first of all, Brazil, Colombia, Vietnam and Indonesia. Since our country is completely dependent on imported supplies of this product, global trends directly affect the Ukrainian food market," he explained. Victoria Skorbota, regional director of the market research company 4Service Group, notes that the coffee market has also been affected by a global disruption in ...

Source: Landlord