If you’ve noticed a meteoric rise in your coffee pods on the shelves, know that inflation is not the only reason. In two years, the price of robusta coffee, one of the best-selling varieties, increased by 200%, reaching $4,400 per tonne.
© PIXABAY – In two years, the price of robusta coffee, one of the best-selling varieties, has increased by 200%.
Coffee at full price. In recent years, the price of coffee has continued to rise, to the point that one of the most popular varieties, robusta, has seen an increase of… 200% in just two years. As reported by BFMTV this Sunday, June 9, the ton even reached the $4,400. The cause: global warming but also shortages and insects (cochineal insects) which disrupt the production of this commodity which has become almost luxurious, in Vietnam, the leading country producing robusta coffee (40%).
“THE global warming is such that the growth of coffee trees is no longer what it used to be”, deplores the association of professionals in the sector to our colleagues. As a result, according to estimates, Vietnamese exports could fall by 20% next year. Worse still: we will surely have to expect a significant number of shortages within twenty years, because yields decrease while demand increases from year to year.
The price of coffee pods up 20% on the shelves.
And this price increase, the French have unfortunately suffered at their expense. Surely you have noticed that your coffee pods have increased significantly over the last two years? The fault is the inflation which has been affecting France for months, of course, but above all this drop in production and the rise in the price per tonne. You are right: the pods have increased by 20% since 2022. For the president of the Lavazza group, one of the world leaders in the sale of coffee, another factor could well come into play.
Indeed, Giuseppe Lavazza points above all “the responsibility of hedge funds» around coffee, who have gotten into the habit of using artificial intelligence and algorithms to get rich. However, the Italian heavyweight hopes that a possible drop in consumption will compensate for the drop in supply and curb this speculation within a few months. “We have never lived so many years uncertain»he concludes.
