After the recent metro fare hike, Bengalurians will now have to exclude extra not only for their commutes but also for the iconic filter coffee of the city. The Bruhat Bangalore Hotels Association (BBHA) has decided to increase the prices of coffee by 10–15 percent next month due to the increase in global coffee bean prices. According to BBHA President PC Rao, the prices of coffee bean and powder have been increasing continuously since January. The cost has increased by Rs 200 per kg, and further growth in March is expected.
Citing the global deficiency of coffee beans, he said that the prices of coffee powder will go ahead and also indicate a possible increase in milk prices. “Therefore, we have advised all members hotels to increase the prices of coffee by 10-15 percent based on their current sales rates. Coffee starts at Rs 12 and goes up to Rs 40 on the basis of the hotel,” He told PTI.
Bangalore’s large coffee-loving customer was highlighted on the base, he said, “We do not want to burden our customers, but due to unavoidable conditions, we are only increasing prices of 10-15 percent. So, if, if, if, if Currently, a coffee costs a special hotel, it can increase up to Rs 14. Coffee in The prices of the prices have already been done, responding to a query, Rao said that the prices have increased by 10 percent in some establishments, while the people planning 15 percent will do so by March. Other people will wait until the milk prices rise before adjusting.
In a statement, the Indian Coffee Rosters Association said that India is the seventh largest coffee manufacturer in the world, producing about 3.6 million tonnes of coffee annually-70 percent Robusta and 30 percent billionica.
Currently, about 1.2 million tonnes of coffee is consumed domestically, including filter coffee (roast and ground) and instant coffee.
The association said, “Coffee plantations worldwide are subject to extreme climate variations, which affect both the quality and quantity of production, which greatly affect pricing. Until a year ago, Robusta coffee prices prices There was a third of, “the association said.
“Now, both are trading at almost equal levels. India has exported an important part of its coffee production this year due to price instability, which earns Rs 10,000 crore in foreign currency,” he said.
According to Pericon M Sundar, president of the Indian Coffee Rosters Association, coffee prices have been increasing continuously for more than a year.
Since January, Robusta prices have increased from Rs 200 per kg to Rs 520 per kg as of February 13, while some grades of Arabica have increased from Rs 290 per kg to Rs 750 per kg.
He blamed the world’s largest coffee producers, Brazil and Vietnam, due to adverse weather conditions.
He said, “It has reduced the availability together with a limited supply of coffee. It seems that global coffee production is decreasing due to climate change, while high demand in the export market reduced domestic availability further Is, prices have increased, “he said.
Given that coffee roasters are finding it difficult to maintain prices, they said that they are forced to increase the selling price to at least Rs 200 per kg. This month already already Rs 100 per kg The rupee has increased, and by March, they will increase by Rs. 100 per kg.
(This report has been published as part of the auto-early syndicate wire feed. In addition to the headline, there is no editing in the copy by ABP Live.)
