Price won't drop until the middle of next year at the earliest as very challenging headwinds continue to batter the industry, Lavazza said.
Poor harvests, geopolitical conflicts, and supply chain disruption have led to record-high coffee prices, with a tonne reaching $4,300.
UK consumers may see a 20-25% increase in coffee prices over the coming year, with a 15% rise already observed in the price of a 1kg bag of beans.
Despite the high prices, UK consumers are increasingly turning to making fresh coffee at home with beans, a trend that started during the pandemic and has continued.
#coffee-prices #supply-chain-disruptions #geopolitical-conflicts #consumer-behavior #pandemic-impact
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