Global coffee prices are rapidly on the rise. Traders have halted purchases, while retailers are faced with high costs. Trade is nearing a standstill due to the high prices, leading to bankruptcy fears in the global coffee sector.

Coffee prices continue to climb. Drought in producer countries, rising production costs, and issues in the global supply chain, especially in Brazil, have pushed coffee prices to record levels. The PRICE OF COFFEE HAS INCREASED BY 120% Arabica coffee beans have seen a price increase of 70% since November. The twelve-month increase has surpassed 120%. The sharp rise in prices has brought the coffee sector to a crisis. With the impact of high prices, coffee traders have reduced purchases to a minimum, and retailers are struggling to place new orders. SMALL BUSINESSES MAY CLOSE With the lack of new orders, the stocks in warehouses are rapidly depleting. According to data, coffee stocks in US ports have halved. Experts warn that a crisis is looming in the coffee sector. Industry representatives believe that companies with strong capital will survive the crisis, but smaller businesses may be forced to withdraw from the market. On the other hand, the expansion of cultivation areas in producer countries such as Uganda, Ethiopia, and India could lead to oversupply and sudden price drops in the future.