Coffee lovers in for a pricey jolt
Provided by Philippine Daily Inquirer.
MANILA, Philippines — Coffee drinkers may need to adjust their budgets for their daily cup of joe as local retail prices are tipped to increase due to tight global supply and higher costs.
Pacita Juan, president and co-chair of the Philippine Coffee Board Inc. (PCB), said retail coffee prices may increase by about 20 percent on average.
“All these rising prices will mean even higher prices locally. And farmers will benefit if they also produce good quality beans,” Juan told the Inquirer in a Viber message.
“But consumers must be ready to adjust their caffeine budgets,” she added.
Nestlé Philippines, the local unit of the Swiss-based global food giant known for its Nescafé coffee brand, said it is assessing the impact of higher global coffee prices on their retail pricing.
“At this point, we have to identify the specific impacts of global price movements on our manufacturing,” Nestlé Philippines senior vice president and head of corporate affairs Jose Uy III told the Inquirer in a Viber message.
“At the same time, we always make every effort to avoid price increases by maximizing efficiencies in our operations while upholding quality,” Uy said.
The Department of Trade and Industry updated earlier this month its suggested retail price (SRP) bulletin for basic commodities.
The SRP for a 25-gram coffee refill of Blend 45 increased to P20.25 from P18.50.
The 25-gram Great Taste premium coffee and 50-gram Great Taste premium coffee stood at P21.60 and P42.20, respectively.
Meanwhile, the new SRP for a 26-gram Nescafe Original was at P7.75.
Benefit for farmers
The PCB said local farmers, provided they cultivate high-quality coffee, stand to benefit from the increase in global coffee prices and could seize better opportunities from these recent developments.
Juan noted that the farm-gate price of robusta, the most produced type of coffee, has doubled to P350 per kilogram from P180 per kg while commercial-grade coffee stood at P320 per kg.
“Local farmers will fare well as long as they grade their beans or pick only the ripest fruits,” Juan said. “Ultimately, the consumer also looks for specialty grade coffee and not just commercial grade.”
According to a recent report by Reuters, coffee prices in the world market eased after reaching a record high last week. Arabica coffee prices dropped by 1.6 percent to $4.1840 per pound on Friday, down from a record $4.2995 on Feb. 11.
“Dealers said the market was underpinned by tight supplies and the prospect of a smaller arabica crop in top grower Brazil this year,” the Reuters report said.
(2025/02/16-05:48)
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- 12/19 09:39 PH bracing for foreign bond comeback in H1 2025
- 12/19 09:22 Vietnam learns lesson about China aggression – everyone’s a target
- 12/19 05:42 8,000 foreign Pogo workers still in PH with tourist visas, says BI
- 12/19 05:30 House tags Duterte, et al. for ‘crimes against humanity’
- 12/19 04:32 ‘Decarbonizing’ PH a race against time – but ‘we should do it properly’
- 12/19 02:28 Marcos-Duterte clash to hurt economy – Fitch
- 12/19 02:12 Holiday online shopping fraud ‘alarmingly high’ in PH
- 12/18 12:58 Neda Board approves issuance of EO on PH-Korea free trade deal
- 12/18 10:13 Blockchain Game Alliance Report shows organic Web3 gaming growth
- 12/18 09:34 DepEd budget expose billions in unspent funds
- 12/18 09:12 Prisoner swap pacts with other nations eyed after Veloso’s return
- 12/18 05:50 House OKs bill that lets foreigners lease land for 99 years
- 12/18 05:10 PhilHealth P500-B fund investment questioned
- 12/17 14:13 DTI revising regulations for vape products
- 12/17 12:25 AFP: Yearend WPS resupply, Noche Buena delivery missions successful
- 12/17 10:05 Peza expects approved investments to rise by 10% in 2025
- 12/17 09:56 Shadowy uranium trade reaches PH, raises fear of ‘dirty bomb’
- 12/17 05:45 COA: 4,000 dead seniors still on PhilHealth database
- 12/17 05:35 SC: Suspension of single, pregnant teacher illegal
- 12/16 18:23 Marcos on current state of PH: We’re quite stable amid political noise
- 12/16 05:33 Island Cove’s jobless: The other side of the Pogo ban
- 12/15 17:47 Dolly de Leon says a celeb’s craft deserves more focus than personal life
- 12/15 05:50 Senate bill forfeits illegal Pogo assets in favor of gov’t
- 12/15 05:25 DBM opens e-market for gov’t suppliers
- 12/15 02:03 Engineers build innovative roof manufacturing business
- 12/14 09:25 AI solar boat cleans 2.5 million liters of river water daily
- 12/14 08:40 AI agents will become brand ambassadors in 'Agentic Era' – study
- 12/14 05:55 House panel: Ex-president Duterte center of grand criminal enterprise
- 12/14 05:30 SMNI duo ordered to pay TV journalist P2M in damages
- 12/14 04:40 Negros Occidental declares state of calamity after Kanlaon blast
- 12/13 12:48 Harvard opens access to 1 million books for training AI models
- 12/13 12:21 Marcos aims to make PH military a 'world-class force'
- 12/13 11:39 Philippines deports 2,300 Pogo workers to China, other Asian countries
- 12/13 10:01 Gov’t eyes more diversified external financing before losing ODA perks
- 12/13 08:55 Teacher uses this trick to check students’ AI homework
- 12/13 05:30 Seized Pogo properties pose next gov’t challenge
- 12/13 02:32 It’s final: BCDA regains control of John Hay
- 12/12 22:14 2 more PH nature reserves tagged of ‘international importance’
- 12/12 10:59 VP Sara Duterte wrong in saying DOJ is ‘biased’ in probing her – exec
- 12/12 09:14 AI’s real impact on the global economy
- 12/12 05:48 Fisherfolk to SC: Void Manila Bay reclamation works
- 12/11 17:30 VP Sara Duterte considering hiring private security force
- 12/11 15:09 Local identity fraud cases surged 119% this year — study
- 12/11 14:24 DA bans poultry from The Netherlands
- 12/11 14:10 PDEA raises alarm over marijuana's growing popularity as holidays near
- 12/11 11:38 Marcos vows to make overseas work a choice, not a necessity
- 12/11 11:14 Readers more likely to distrust news from AI articles – study
- 12/11 07:32 Pogo phaseout in full swing; only 17 remain
- 12/11 05:55 Marcos rules out warship deployment in West Philippine Sea
- 12/11 02:04 World Bank trims PH growth outlook
- 12/10 15:34 China’s acts of war in West PH Sea accelerating ecological ruin
- 12/10 10:18 LTO vows stricter regulation of motorcycle taxis
- 12/10 05:50 Secret fund use hits P10B; OVP outspends 4 security agencies
- 12/10 05:45 Over 100 kilos of uranium seized in Pasay, CDO and Mandaue
- 12/10 04:40 Thousands evacuated as Mt. Kanlaon erupts anew
- 12/10 02:11 PH emerges as hot spot for RE investments
- 12/09 08:00 105 y.o. saved from stroke through advanced procedure in The Medical City
- 12/09 05:55 Chinese vessel hits BFAR ship with laser six times
- 12/09 05:50 Kalookan bishop, drug war critic is PH 10th cardinal
- 12/09 04:35 Eastern Samar has ‘fastest’ economic growth in Eastern Visayas
- 12/08 02:04 Demand for first-class seats rising among Filipino jetsetters
