25/09/2024
Are you also wondering why local coffee bean prices skyrocketed from 250-350 pesos per kilo to 550-750 pesos and keeps on increasing almost every month??
Coffee lovers in the Philippines may have noticed that the price of their favorite brew has been steadily increasing. Here’s a few reasons behind the rising costs of coffee beans in our country:
1. Global Coffee Supply Issues: The Philippines, like many other countries, relies heavily on imported coffee beans, especially Arabica. However, major coffee producers such as Brazil and Vietnam are facing climate-related challenges like droughts and unusual weather patterns. These disruptions are affecting global supply, pushing prices up.
2. Rising Local Demand: Coffee consumption in the Philippines has been growing, with more Filipinos embracing coffee culture, especially in urban areas. Increased demand for both locally produced and imported coffee means higher competition for supply, contributing to price increases.
3. Inflation and Supply Chain Disruptions: The cost of importing goods, including coffee, has risen due to global shipping challenges and higher fuel prices. Additionally, inflation in the Philippines is adding pressure on coffee prices as retailers adjust to the increasing costs of goods and services.
4. Limited Local Coffee Production: While the Philippines does produce its own coffee, particularly varieties like Robusta and Liberica, production remains limited. Challenges such as outdated farming methods, aging coffee trees, and inconsistent support for local farmers have hindered the growth of the local coffee industry, making it difficult to meet the country’s rising demand.
As coffee prices continue to rise, consumers can support local farmers by choosing Philippine-grown coffee, which not only helps sustain the industry but also encourages the growth of locally sourced products. It’s a good time to explore the rich flavors of our own Benguet, Batangas, and Mindanao beans while understanding the global factors that influence the price of coffee.
Let’s continue supporting each other along with our farmers!~
