Tridge summary
Wholesale coffee prices have surged between 45 and 65%, leading to a significant increase in the cost of coffee in both retail outlets and cafes. The price hike is attributed to a combination of adverse weather conditions and speculative activities by traders. As a result, the cost of espresso capsules and Greek ground coffee is expected to rise considerably. Cafe owners are facing pressure to pass on the increased costs to customers, exacerbated by a 24% tax on each cup of coffee. The article highlights that the high coffee prices are causing a dilemma for cafes, as they struggle to maintain customer numbers by keeping prices low for takeaway coffee.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The price of wholesale coffee has risen by between 45 and 65%, Greek state broadcaster ERT reports. This is expected to lead to a sharp increase in the price of all types of coffee in stores, as well as at least 50 percent higher prices in cafes. On the shelves, the price of espresso capsules may increase from 6 to 7 euros, and on the package of Greek ground coffee - from 5 to 6 euros. Cafe owners report that they can no longer keep the previous prices, because the tax on a cup of coffee is again 24% and to that comes the markup due to the increase in the prices of the stock exchanges. For now, the prices for coffee in a cardboard or ...
Source: Duma
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