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Thread: Coffee prices likely to rise - The Age

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    CoffeeSnobs Owner Andy's Avatar
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    Coffee prices likely to rise - The Age

    Gene Cafe Coffee Roaster $850 - Free Beans Free Freight
    Coffee prices likely to rise
    By Nassim Khadem
    The Age May 7, 2005

    How much is too much for a good cup of coffee?

    Addicts may argue a good coffee is priceless, but with prices rising by about 20 cents a cup across several Melbourne cafes in the past month, consumers could soon find a regular coffee more expensive than a slice of cake. Today coffee drinkers can expect to pay between $2 to $3.50 per cup, with some places charging up to $4 for a tall.

    Retailers who have not already increased prices say they may soon have to. Demand for coffee - the worlds most actively traded commodity after crude oil - is high and supply is low. Falling production in Brazil and Vietnam has sent worldwide prices for coffee higher in recent months.

    According to the chief executive of coffee importer H. A. Bennett & Sons, Scott Bennett, the price for coffee on the international coffee futures market is at its historical average of 122 US cents to 125 cents a pound.

    Justin Metcalf, owner of Cafe Learning, a consultancy that teaches roasting and coffee making techniques, says prices have not risen to this level in seven years.

    Ray Genovese, owner and director of Genovese Coffee, said he was reviewing prices, which could rise about 10 per cent, meaning an increase of $2 to $3 a kilogram. "We could jeopardise the quality of the the blend by buying cheaper coffee, or we could have the same quality and raise the price," he said. "We have always had good quality coffee."

    Some retailers who already charge $3 per cup have been able to absorb price rises. Zena Darwisch, manager of Grissini in Port Melbourne, said the cafe last month decided to drop the price of coffee from $3.50 to $3.

    Andrew Lew, owner of Cafe Maltitude in the city, this month raised the price of a large coffee from $2.50 to $2.70 because his supplier was charging him $4 extra per kilogram. Mr Lew says Melburnians have had it too good for too long and should expect price increases. "The price of coffee in Melbourne is way too cheap," he said. "You go anywhere else in Australia and they are charging way more for coffee."

    Fabio Angele, owner of Brunetti, Carlton, recently put his price up to $3.20 because he had not lifted it for four years. "It had nothing to do with the rising market price of coffee," he said.

    from:
    http://www.theage.com.au/news/National/Coffee-prices-likely-to-rise/2005/05/06/1115092686354.html?oneclick=true

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    CoffeeSnobs Owner Andy's Avatar
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    Re: Coffee prices likely to rise - The Age

    I found Fabio Angeles comment amusing... basing his pricing on time and not actual expense is err.. umm... an intersting method of price structure. ;)

    Have the CSrs noticed movements in local cafe pricing?

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    Super Moderator Javaphile's Avatar
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    Re: Coffee prices likely to rise - The Age

    Prices have risen here by 25 to 50 cents US in the last 6 months per cup at the cafes from what I hear.

    Java "Stocking up on the beans" phile

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    CoffeeSnobs Owner Andy's Avatar
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    Re: Coffee prices likely to rise - The Age

    That sounds like a fairly high jump in price.

    What is the going rate for a cafe coffee in the USA?

    (as you can see, AU$3 is about the norm here now)

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    Super Moderator Javaphile's Avatar
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    Re: Coffee prices likely to rise - The Age

    Hhhmm...I dont spend much time in cafes here but from what Ive seen prices are currently ranging anywhere from $2.50 to $3.50 for a short latte/cappuccino with a tall running up too $5. These prices are for a basic cup and do not include any extras such as flavored syrups, chocolate, etc.

    Java "Why pay an outragous sum for a drink whose quality is far below what I can make at home for a fraction of the price" phile



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