Coffee and tea prices soar

The Food and Agriculture Organization of the United Nations announced on June 3 that in May 2021, the "FAO Food Price Index" averaged 127.

The most obvious manifestation is coffee and tea

Affected by the drought in Brazil, one of the coffee producing areas, since the beginning of 2021, the price of the main contract coffee calculated by the Intercontinental Exchange has risen by more than 20%, especially the recent rise is particularly obvious.

Coincidentally, the severity of the epidemic in India and the local drought have pushed up the transaction price of another major beverage, tea

Coffee, tea and cocoa are the three major non-alcoholic beverages in the world, and the rapid price increase of two of them in the short term has brought operating pressure to many beverage companies including Starbucks

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"China Food News" (Version 04, June 21, 2021)

(Editor-in-charge: Wang Han)