Italians are starting to sound the alarm that the coffee market has gone crazy, pointing out that for a cup of espresso you have to pay up to 1.40 euros, which is more than half the price of last year. Experts point out that the high prices are affected by both ongoing climate change and the growing demand for it in China. Another factor driving up coffee prices is European Union law, which requires proof from producers that no deforestation has occurred in the area where the coffee comes from.
Were you shocked by the price of PLN 100 per kilogram of beans? This cherry will sweep you off your feet!
A little black dress is worth its weight in gold
The average price of an espresso in Italy is around €1.20, according to recent calculations by Italian consumer organization Assoutenti, although there are places where you have to pay 20 cents more. Last year, coffee in Italy cost on average no more than one euro.
For Italians, the high price of coffee is a serious problem – Italian establishments serve around 6 billion cups of coffee every year. Italians fear that soon you will have to pay up to 2 euros for a little black dress. Unfortunately, increases in coffee prices will not spare Poland.
I thought you saw horror receipts? no. This is just shocking. The most expensive water in Poland?
Climate change is destroying coffee plantations
According to Krzysek Rzyman, co-author of the Polish Coffee Shop Guide, and Jakub Jakubczak, an analyst at BNP Paribas, climate change is having a negative impact on coffee farms.
“A demanding variety, such as Arabica, will lose popularity in favor of less demanding varieties, such as Robusta or Liberica,” Raziman told PAP.
Jakub Jakubczak thinks similarly. In his opinion, the prestigious status of Arabica will be lost to Robusta, as evidenced by the prices on the stock exchange. Jakubzak added that weather unpredictability caused by climate change determines prices across the entire food market.
According to Reziman, the consequences of climate change pose a big problem for coffee consumers both from a price point of view and from an ethical point of view, because coffee farmers may lose their jobs as a result of the changes. He added: “A month and a half ago, I was on a coffee farm in Indonesia and these people told me directly that they did not know if they would get a job in 5 years.”
Another reason for the rise in coffee prices is its increasing popularity in Africa and China. In China, there has been a rapid increase in the number of coffee shops, including international chains such as Starbucks. According to experts, the Chinese market will have a significant impact on prices and trends among manufacturers. Over the past six months, prices of Robusta species on the stock exchange have risen by up to 90 percent. Arabica prices rose by 55 percent.
Poles will cry when they see these increases. It will include your favorite products and services
The European Union is doing its part
Another factor that will have a strong impact on the European coffee market is the EUDR (European Union Deforestation Regulation) – a law that requires producers to prove that there is no deforestation in the growing area.
This is an EU regulation effective from 30 December 2023, which concerns the prevention of deforestation in the areas where raw materials imported into the EU come from.
The EU regulation aims to force companies to declare that they exercise due diligence to ensure that their products do not cut down or damage forests. This applies not only to raw materials such as cocoa or coffee beans, but also to some manufactured products such as chocolate, leather or furniture. Anyone who does not comply with the regulations should face high fines amounting to at least four percent of their annual turnover in the EU.
Coffee roasting companies such as Lavazza, Melita and Darboven have announced that they intend to adapt to the new law, but they need more time to do so, and the result will be a significant shortage of green coffee and, as a result, an increase in green coffee. the prices.
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