Coffee prices soar and prices will rise further with tariffs
International coffee prices soared last year, as a result of adverse weather and market speculation, culminating at the beginning of the year in absolute highs and generating a considerable increase in prices in stores.
FILE PHOTO: Beans are scooped at a Starbucks coffeehouse in Austin, Texas, US, February 11, 2017. REUTERS/Mohammad Khursheed/File Photo
July 18, 2025, 12:00 p.m.
From a historical average of around $1,700 (€1,468.3) per tonne, futures in London for robusta, one of the world's best-selling varieties, peaked above $5,700 (€4,923.1) in January before falling back in anticipation of a positive campaign this year to around $3,300 (€2,850.1). According to Lavazza's president, Giuseppe Lavazza, this increase is "80%" due to investment funds and other financial speculators, which have led to increased market volatility. Factors such as extreme weather events have had an impact, he admits, but the main driver is the funds.
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