The price of coffee continues to rise

By: Trademagazin Date: 2022. 08. 31. 15:03

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Brazil is the main producer of arabica, which accounts for roughly 70 percent of the world’s coffee production. Due to the drought affecting the country and transportation difficulties, we can expect price increases in the future – Infostart points out.

In addition to the drought, the increase in transportation costs also increases the price

The price of Arabica coffee has started to rise, as the supply of this type of coffee in Brazil has narrowed due to the drought.

“Of course, as usual in this case, we always expect a price increase”

Máté Nezvál, owner of 42 Coffee, master coffee roaster and coffee expert, told InfoRádio.

The crop loss associated with the fiber can even set back yields in these areas for years, so this will have greater effects, despite the fact that Brazil is no longer the world’s leading coffee producer. The expert noted: presumably, this will also be felt in our country, since a lot of Brazilian coffee arrives in our country.

According to the expert, Brazil’s share of Arabica coffee production in the world is still “extremely high”, and coffee consumption habits and consumer markets have changed over the past few years: nations that have traditionally consumed tea are also beginning to join the ranks of coffee consumers, which is why robusta is now also appears in a much larger proportion. This changes the entire global coffee market, because the share of Brazilian coffee production is not as prominent as it used to be. The most prominent robusta coffee producing areas include Vietnam and Southeast Asia.

Read full article here. .