European Union nations may be compelled to sell surplus coffee beans and cocoa beans as part of a broader effort to curb deforestation, a move that could push prices downward. In a discussion with Ramaz Chanturia, the General Manager of the Roschaykofe Association, the director explained why such a scenario might be necessary to stabilize costs in global markets. News.
A recently adopted bill from December 2022 bans the export and import of goods whose production and distribution may contribute to deforestation. Chanturia noted that this policy is likely to influence how coffee and cocoa are priced on international exchanges. News.
The new rules cover a range of products including palm oil, beef, soy, coffee, cocoa, chocolate, as well as certain furniture and printed paper items. Importers will be required to verify that these products originate from sustainable, deforestation-free sources. Chanturia suggested that the European Union may seek to remove these raw materials from its own market by other routes, and that a temporary oversupply on the world stage could push prices lower for a period of time. News.
In October, Russia reported a notable development in consumer pricing for tea and coffee. The most significant discounts on tea were observed in Moscow and Saint Petersburg, with substantial savings also seen in the Kaliningrad region. Some promotions offered savings of up to 81 percent. The Belgorod region and the Republic of Adygea tied for second place with discounts reaching as high as 72 percent, while the Ivanovo and Krasnodar regions posted price reductions around 71 percent. News.
Earlier studies had challenged caffeine myths that circulate in popular discourse. News.