Coffee prices to rise

Due to the increasing consumption coffee prices may increase significantly. Analysts expect sustained high prices, because the growing area is shrinking,the yield increasing investments are costly and take a long time.

The producers are unable to meet the growing needs of the coffee consumers, which – analysts said – may cause a sharp price rise. “On the supply side, the situation is becoming worrying. The demand for specialty coffees around the world shows a 12-15 percent increase”- Jeffrey Young managing director of Allegra Strategies was quoted by Új Szó. (by our colleague)