What's happened
Italian coffee company Lavazza warns that coffee prices are set to remain very high until at least the middle of next year due to supply chain pressures and poor harvests. UK consumers have already experienced a 15% rise in the price of coffee beans, with further increases of 20% to 25% anticipated over the coming year.
What's behind the headline?
What the papers say
The Guardian and The Independent both report on Lavazza's warning about the prolonged high coffee prices. The Guardian emphasizes the 25% potential increase in the cost of beans for UK consumers, while The Independent focuses on the challenges faced by the coffee industry due to poor harvests and geopolitical conflicts.
How we got here
Worsening harvest conditions in major coffee-producing countries like Brazil, Vietnam, and Colombia, along with shipping disruptions caused by conflicts, have led to a spike in coffee prices. Lavazza's previous prediction of a price drop this year has been proven wrong, indicating the unpredictability of the coffee market.
Go deeper
- How are other coffee companies responding to these price increases?
- What measures can consumers take to mitigate the impact of rising coffee prices?
Common question
More on these topics
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Luigi Lavazza S.p.A., shortened and stylized as LAVAZZA, is an Italian manufacturer of coffee products. Founded in Turin in 1895 by Luigi Lavazza, it was initially run from a small grocery store at Via San Tommaso 10.
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country located off the northÂwestern coast of the European mainland.