Lavazza warns cheaper coffee is
Photo: Andre Penner AP/TT

Lavazza warns cheaper coffee is still at least two years away

Don't expect cheaper coffee anytime soon, warns Italian industry giant Luigi Lavazza SPA. The market needs to stabilize before it is time to start thinking about price cuts, says Giuseppe Lavazza, chairman of the family-controlled coffee empire.

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At least two years of strong coffee harvests and a significant global stock build-up are needed to eliminate the supply shortages that are driving volatile coffee prices, according to Lavazza.

The historic coffee price peak in 2025, at over $4.41 per pound (about 454 grams), was caused by drought and frost damage in major coffee-producing countries such as Brazil and Vietnam.

The price has fallen sharply since then. But despite good harvest news, it has gained new momentum after a warning in June about the El Niño weather phenomenon. In July, it has risen from $2.40 to $3.50 per pound in volatile trading.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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