Coffee prices explode: worries about the most popular drink of the Germans!
Coffee prices explode: worries about the most popular drink of the Germans!
crop failures and increasing transport costs drive the coffee prices up. Coffee roaster and café operator in Schleswig-Holstein react with price increases. According to a report by ndr has the managing director of Kieler Coffee roaster Heyck, Arik Vagt, found that the costs for 30 sacks of raw coffee have doubled: from around 20,000 euros last year to 40,000 euros. Wholesale prices for coffee have increased by more than 40 percent in one year.
Michael Wienhold from the Rehm and Co. company reports on an extreme price increase in the period from November to February. Customers react to rising prices by shopping less, but more often, hoping for falling prices. The main growing country of Brazil is currently suffering from frost, dryness and high temperatures, which has a negative impact on the harvest. The WWF expects a decline in the coffee harvest in Brazil by about 5 percent compared to the previous year.
reasons for the price increases
The high demand and the resulting price increases can be attributed to several factors. These include poor harvesting conditions, low inventory, rising worldwide demand, high transport costs and speculation on the stock exchange, as well as increasing wage costs. Roastry are forced to pre -order raw coffee to secure their supply chains. Maren Soeth from the Heider coffee roaster reports, for example, doubled prices for raw coffee. The price of Kenya coffee has risen from 13 euros to 17.50 euros for 500 grams. René Rammelt, owner of Luca and Lia in Barsbüttel, announced that it increases the prices for cappuccino by 30 cents. Further price increases can be expected due to the newly introduced minimum wage.
The forecasts of the WWF indicate that problems with dryness in coffee matters could increase, which will further tighten the situation for coffee farmers in the future.
In summary, it can be said that coffee consumption in Germany remains high despite increasing prices. Coffee is the most popular drink of the Germans after water; About 80 percent of adults drink it daily or several times a week. According to ZDF , the worldwide demand for coffee is growing while the supply drops. In addition, it is expected that up to 50 percent of the growing regions for coffee could be unsuitable by 2050. This could endanger the livelihood of millions of people who grow coffee in growing countries such as Uganda.Details | |
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Ort | Schleswig, Deutschland |
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