Global coffee prices are rapidly escalating. Traders have ceased their purchases, while retailers are facing high costs. Trade has come to a standstill due to the high prices, leading to bankruptcy concerns in the global coffee sector.

Coffee prices continue to rise. Drought in producing countries, especially Brazil, increasing production costs, and issues in the global supply chain have driven coffee prices to record levels. PRICE OF COFFEE HAS INCREASED BY 120% The price of Arabica coffee beans has increased by 70% since November. The 12-month increase has surpassed 120%. The sharp price hike has put the coffee sector in crisis. Due to high prices, coffee traders have minimized their purchases, and retailers are struggling to place new orders. SMALL BUSINESSES MAY CLOSE As new orders are not being received, stocks in warehouses are depleting rapidly. According to data, coffee stocks at US ports have halved. Experts believe that a crisis is looming in the coffee sector… Industry representatives are of the opinion that companies with strong capital will overcome the crisis, but small-scale businesses may be forced to withdraw from the market. On the other hand, the increase in planting areas in producer countries like Uganda, Ethiopia, and India could lead to oversupply and sudden price drops in the future.