International coffee prices are at their highest levels in four years, according to international media.
In particular, if you compare the price of green coffee beans, there is an increase of 40%, which is due to both the drought in Brazil and the price increases in marine containers, which are up to ten times higher than a year ago. In particular, the drought in Brazil, the world’s largest coffee-producing country, has resulted in a one-third lower production yield than normal.
The big coffee producers, however, estimate that because they maintain stable partnerships and long-term contracts, they are protected from price fluctuations. “We have one- to three-month contracts,” said Frans Van Tilborg, CEO of Miko, added that: “We are seeing price increases, but at the moment we have not made any increases. However, we are considering whether we should do so soon.”
For his part, Marco Ciaramelli, CEO of Beyers Koffie, which produces coffee for Lidl, Amazon and Aldi, among others, hopes that no price increases will be needed, but points out: “It is perfectly normal for production to go up and down. “In Brazil, let’s not forget that there is a harvest twice a year. A reduction or increase in prices from 10% to 20% is normal. The next harvest in the autumn must be good, otherwise the prices in the shops will undoubtedly increase.”