Coffee Price Increase Looms

Coffee prices rise across South Korea amid raw material cost increase

Major coffee chains and instant coffee producers in Korea are raising prices amid an increase in raw material costs, according to industry data Friday. Angel-in-us Coffee, operated by Lotte GRS, said it will increase beverage prices by 200 to 300 won ($0.15-0.22) Thursday. CJ Foodville's bakery cafe chain Tous Les Jours will also raise prices of 32 coffee items by 100 to 300 won Friday. The planned hikes follow earlier price adjustments this yea…

Many people are cutting back on coffee when their finances are tight. At the same time, the rising cost of coffee and chocolate in particular has put pressure on cafes to raise prices.

Department of Agriculture Secretary Josué Rivera said on Normando en la Mañana that imported coffee could increase in price due to low local production, since importing coffee leaves its consumption at the mercy of tariffs imposed by…

Maxim and Kanu Coffee 9% Increase Coffee price increases are continuing in the food and restaurant industry. Dongseo Food announced that it will increase the factory price of its coffee mix products such as Maxim Mocha Gold and instant coffee beans such as Kanu Americano by an average of 9% starting on the 30th.