A shortage of even the cheaper robusta beans is making it increasingly difficult to find a budget-friendly cup of coffee. Read more at straitstimes.com.
NEW YORK – The global cost-of-living crunch has pushed coffee drinkers to get their fix from cheaper brews. But a shortage of robusta beans is making it increasingly difficult to find a budget-friendly cup.
For consumers in Europe’s largest coffee market, Germany, the squeeze is having a noticeable effect on retail costs, with instant varieties going for nearly 20 per cent more than a year ago, even as inflation for coffee beans has lost momentum. US instant coffee price-growth also slowed less than the roasted version in April.
Despite those hurdles, more robusta beans were exported globally in the first six months of the current season compared to the last three years – just not fast enough to keep up with higher needs. Shipments between October and March were about four per cent higher than the same period in 2021-22, according to the International Coffee Organisation.
As a result, robusta-heavy instant coffee is growing faster than other industry segments, according to Mr Aguinaldo Lima of the Brazilian Instant Coffee Industry Association, whose country is the world’s top soluble coffee producer. And leading companies elsewhere, such as Nestle SA and India’s Tata Coffee, have also reported stronger demand for instant coffee in their latest financial reports.
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