Why would you pay €3 for your coffee in the summer? – The reason is that the price has risen again

Coffee at the price of gold will be paid by consumers starting in the summer, as rising prices will raise its price even to three euros.

It is expected that increases in the prices of coffee on store shelves and restaurants will be from 10% to 20%, while the “gold” will pay for the coffee by whoever takes it.

The new increases are mainly due to drought in Vietnam and also to blocked crossings through the Suez Canal.

The climate crisis, especially drought and high temperatures in Asia, especially in Vietnam, has ignited prices while introducing “bitter” coffee to consumers.

Today the beloved Fredo Espresso in a paper and plastic cup costs from 2 to 2.20 euros, while with the upcoming price increases it will cost from 2.40 to 2.60.
A Frodo Cappuccino from 2.20 to 2.40 which costs today would cost from 2.60 to 2.90.

Coffee price estimates

• French from 1.80 to 1.90 euros and is expected to reach 2.16 to 2.30 euros.
• Instant coffee (Frapé, nes) starts at €1.70, expected to reach €2
• Greek from 1.80 euros, expected to reach 2.20 euros
• Fredo espresso from 2 to 2.20 euros and expected to reach 2.40 to 2.60 euros.
• Fredo Cappuccino from 2.20 to 2.40 euros and expected to reach 2.60 to 2.90 euros
• Cappuccino (double) €2.20 to €2.40 and expected to reach €2.60 to €2.90

The price of Robusta has reached new historical levels

The price of Robusta coffee has risen to new highs as heatwaves threaten production in Vietnam, the largest coffee exporter.

The most active contract rose as much as 4.8% to $3,838 per metric ton in London, a record price based on data dating back to 2008. Futures have risen more than 30% this year.

“Weather conditions are not encouraging,” traders at London-based importer DRWakefield told Bloomberg. He added: “There are still concerns about a possible shortage of irrigation water, which could harm next season’s production.”