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Entertainment, Food & Beverage

Fungal outbreak may raise coffee prices here

Coffee sellers here say they are not raising prices just yet but if coffee-bean prices do go up eventually, they might have to do so.
Asia One - July 19, 2013
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Fungal outbreak may raise coffee prices here

Coffee lovers, enjoy your favourite brew at regular prices while you can.

Prices for a cuppa remain unchanged for now, but there is no guarantee that they will stay that way, due to the fungal epidemic sweeping coffee plantations across Central America.

The epidemic is reportedly expected to cause a global coffee shortage and a price hike.

Coffee sellers and supermarkets that My Paper spoke to said that their sales should not be affected at the moment, and they are not raising prices for now, despite the coffee-rust outbreak.

Mr Kenneth Lee, owner of the drinks stall at Hai Fong Restaurant in Toa Payoh, said: "So far, I've received no news regarding the (coffee-shortage) issue, and our supplier has not increased the price (of coffee beans) yet."

He said just 20 to 30 per cent of his coffee beans are imported from the affected areas, while the majority of imports come from Vietnam and Indonesia.

Sheng Siong said that coffee products from Central America are available at fewer than 10 of its 33 outlets, so it does not expect sales to be affected much.

A Giant spokesman said a coffee supply shortage was not anticipated, as most of its main coffee suppliers, such as Nestle, do not import from Central America.

"Our supply of ground coffee powder comes mainly from Malaysia. Other coffee sources include Vietnam and Indonesia," she said.

Mr Lee said that if the prices of coffee beans do rise, he would consider raising coffee prices. His stall sells a cup of coffee with milk for 90 cents.

NTUC FairPrice, Starbucks, Tully's Coffee and The Coffee Bean & Tea Leaf declined comment.


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