Increase the price by 30%! Several international bakers announce price increases
According to media reports, as bad weather conditions have led to a rise in coffee bean prices, affecting the global coffee market, including Brazil's domestic consumer market, Brazil's major coffee roasters, including JDE Peet's, one of the world's largest coffee companies, are expected to raise prices in the domestic market from the beginning of next year.
It is reported that global coffee prices have risen seriously recently, reaching an all-time high earlier and rising more than 80% this year, mainly because both Brazil and Vietnam have experienced severe dry weather this year, affecting the growth and harvest prospects of coffee crops. This situation has also led to a rise in coffee futures in recent days, but it has fallen 2.65% in recent days.
It is understood that the decline in coffee futures is mainly due to the Fed's announcement of an interest rate cut, which ranges from 25 basis points to 4.35% to 4.50%, and is expected to narrow to 50 basis points in 2025, the third time that the Fed has cut interest rates since September this year.
The price of coffee futures fell as speculators acted on changes in monetary policy, coupled with recent reports of strong exports, increased supply and rising stocks of Arabica and Robusta coffee monitored by ICE.
Although futures prices fell, they remained high, which pushed up the price of coffee consumption in Brazil. JDE Peet's, the maker of several domestic coffee brands, will raise prices by an average of 30 per cent in Brazil next year, according to traders, mainly raising prices for roasted ground coffee, raw beans, instant coffee, capsules and cappuccinos. The German company Melitta also said that the rising cost of fabric coffee has risen by 12% in recent days, and the price has risen another 25% this month.
In addition, according to the report, some European coffee traders said that some large European roasters had planned for 10% by the end of December or early January. By the end of March next year, consumers will clearly feel the price rise and may eventually cope with it by reducing consumption.
Brazil is the second largest consumer of coffee in the world after the United States. As a result, some experts say that due to the rising price of coffee in Brazil, coffee companies may choose to import from other coffee-producing countries to supply the Brazilian market, but at the same time push up prices in other markets.
At present, the market still believes that Brazil's future coffee production is uncertain, all because of the recent bad weather in Brazil. It is reported that although rainfall has resumed in Minas Gerais, Brazil's main coffee producing region, the rainfall last week was 35.2mm, only 65% of the historical level, and the temperature was on the high side. The average temperature dropped more than 30 ℃ in December and the highest temperature dropped to 36 ℃. This situation is not conducive to coffee results. If the result is not good, coffee production will decline again in the new season.
And, for the future climate is also very unsatisfactory, all because earlier, the World Meteorological Organization said that the next three months La Nina phenomenon is more than 50% likely. Causing market concern, at present, both the Brazilian domestic market and the international market are generally not optimistic about Brazil's coffee production in the new season next year. Earlier, a number of well-known coffee trading companies released forecasts for Brazilian coffee, forecasting a decline in production. It is also believed that the global coffee demand will continue to increase, and the global coffee market in 2025x26 will have a supply gap for the fifth year in a row, with an estimated supply shortage of 8.5 million bags.
For more information about coffee producing areas, please scan the code directly and follow: coffee comments.
Long press the QR code to follow:
TRANSLATE with
XEnglishArabicHebrewPolishBulgarianHindiPortugueseCatalanHmong DawRomanianChinese SimplifiedHungarianRussianChinese TraditionalIndonesianSlovakCzechItalianSlovenianDanishJapaneseSpanishDutchKlingonSwedishEnglishKoreanThaiEstonianLatvianTurkishFinnishLithuanianUkrainianFrenchMalayUrduGermanMalteseVietnameseGreekNorwegianWelshHaitian CreolePersian
TRANSLATE with
COPY THE URL BELOW
BackEMBED THE SNIPPET BELOW IN YOUR SITE Bing Webmaster PortalBack
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
I didn't agree with Starbucks! Unions will strike in many places!
▲ Click to pay attention| Daily Boutique Coffee Culture Magazine Coffee Factory Today, according to Reuters, BBC and other media reports, the Starbucks Workers 'Union announced that it will hold strikes in three major cities this Friday: Los Angeles, Chicago and Seattle, where Starbucks is headquartered, to protest Starbucks' unfairness
- Next
How are Colombia coffee beans graded? Introduction to Huilan Property Washed Kadura
In Central America, the coffee grading systems of most coffee-producing countries are relatively simple and clear, mainly based on altitude grading. However, in South America, coffee grading is relatively complex. Among them, Colombia's grading system is mainly based on defect rate and mesh size. These are two factors to ensure the quality of exported coffee. Ex
Related
- What does fermentation feel in coffee mean? The difference between anaerobic fermentation/aerobic fermentation/double anaerobic fermentation
- What is the grinding degree used for coffee beans with different roasting degrees? Recommended grinding degree of hand-brewed coffee!
- Why do people say that the fat in espresso coffee is a scam? What is the Crema of espresso?
- What do coffee's flat beans, round beans, hard beans, and soft beans mean? Flavor characteristics of Panama's highest grade coffee
- It's all milk coffee. What's the difference between the ratio of milk foam parameters in Australian and white latte cappuccino?
- How to choose a grind filter paper for hand-brewed coffee? Flavor characteristics of brewed coffee in V60Kono filter cup
- Hand-brewed coffee clogging solution! How to sift single coffee with high density and fine powder?
- What coffee beans and milk are the best to make lattes? Ratio of latte espresso to milk
- What is the difference between the gold label/bidding/red label/green label/Chaka coffee flavor characteristics of Guixia Village Estate?
- What is the ratio of concentrated water to ice in American coffee? What beans are used to make Italian American coffee?