Natural coffee prices in Russia may increase by 25% to 40% by the end of the year. This was reported by Prime in reference to Pavel Mayorov, communications director of the Milfoods company (which produces coffee under the Poetti brand).
Author:
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In September, exchange prices for Arabica coffee exceeded $6,000 per ton for the first time since September 2011. The cost of the Robusta variety reached almost $5.5 thousand per ton. Mayorov said that world prices for these varieties grow annually by 40% and 80%, respectively. Because of this, coffee will also be more expensive in Russia, but the growth rate will be lower.
“We try not to fully include these costs in the final price, but we predict that by the end of the year, the price of natural coffee will increase by 25% to 40% in the market as a whole, while brands containing robusta will increase. in price. faster price,” says Mayorov.
The general director of the association of tea and coffee producers “Roschaykofe”, Ramaz Chanturia, added that expensive Arabica beans are not critical for the market; In the last 20 years, an increase and decrease in their prices has been repeatedly observed. At the same time, the market has not yet recorded extremely high prices for robusta and there are no preconditions for a cost reduction, the expert noted.
In mid-September, Arabica futures prices rose to their highest level since 2011 due to drought in Brazil, a country that is one of the world’s largest suppliers of coffee beans. The Russian takeaway coffee market by the end of 2023 grew by 21% and reached almost 103 billion rubles, the total revenue of the top 10 companies amounted to approximately 20 billion rubles.
Author:
Nikolai Tikhonov
Source: RB
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