Published on 28/11/2024 22:15
Reading time: 1min – video: 2min
Consumption: with the increase in the price of coffee, prices are rising
The price of coffee has more than doubled in one year, leading to an increase in prices for producers, but also in stores. Customers notice this bitterly.
(France 2)
The price of coffee has more than doubled in one year, leading to an increase in prices for producers, but also in stores. Customers notice this bitterly.
On Thursday, November 28, a coffee roaster experienced an unprecedented crisis situation when it came to sourcing beans. In 2024, coffee beans will reach a record price for fifty years, three euros more per kg. “We make 700 tonnes of coffee per year. Imagine, we take one euro, that’s 700,000 more (…) For a company like ours, an SME, it’s not viable”explains Cécile Chapuis, CEO of Chapuis cafés.
The price of coffee has more than doubled in one year, going from 154 to 328 dollars per pound. In bistros, the price is reflected at the counter. “It’s becoming quite complicated to get a coffee for less than 2 euros,” notes a customer. In supermarkets, coffee has increased by 32.4% in three years. Malongo, one of the biggest sellers in France, warns that the package may still increase by 40 cents. Vietnam and Brazil, which account for 48% of global production, both experienced a disastrous harvest.
Watch the full report in the video above.
Evolution of coffee prices
Fires destroy plantations in Brazil
Distribution of coffee production in the world
How the price of coffee soared on the commodities market
Yves Jégourel, Cnam professor – HDR
Nova news article
Non-exhaustive list.
