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Lavazza boss says coffee prices could rise by 25% in UK
Evening Standard
|July 12, 2024
THE cost of a flat white is set to keep rising above inflation as the coffee industry reels from “unprecedented” supply-side shocks, the chairman of Lavazza has warned.
Poor harvests, soaring raw material costs and a security crisis affecting shipping through the Suez Canal are among the factors that have driven prices this summer. On Tuesday, robusta beans hit an all-time high of $4,667 a metric ton on the London-based ICE Futures Europe market.
This story is from the July 12, 2024 edition of Evening Standard.
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