Workflow
新森林砍伐法规
icon
Search documents
咖啡品牌Lavazza:咖啡豆天价,都是对冲基金炒出来的
Hua Er Jie Jian Wen· 2025-07-10 01:30
Core Viewpoint - Lavazza attributes 80% of the recent surge in coffee prices to financial speculators, particularly hedge funds, which have driven prices to unsustainable levels for the industry and consumers [1] Group 1: Coffee Price Surge - The global benchmark price for Robusta coffee futures soared to over $5,700 per ton in January 2023, before retreating to around $3,500 this week, still significantly above the historical average of $1,700 [1] - Over the past two years, global coffee consumption has declined by 3.5% due to high prices [1] Group 2: Impact of Speculation - Giuseppe Lavazza stated that while adverse harvests have affected coffee bean prices, hedge funds have played a decisive role in price volatility [2] - The futures market's limited size amplifies the effects of speculation, allowing small amounts of capital to create significant market movements [2] - Lavazza criticized the claim that hedge funds provide market liquidity, arguing that liquidity issues and rising margin requirements have pushed some companies to the brink of bankruptcy [2] - Mercon Coffee Group, one of the largest coffee traders, filed for bankruptcy at the start of the current price surge [2] - Lavazza Group faced immense pressure, with coffee procurement costs reaching €1.6 billion last year, nearly doubling from €600 million in 2018 [2] Group 3: Regulatory and Trade Challenges - New regulations proposed by the EU and Trump's tariff plans may lead to further price increases [3] - Trump's tariffs on coffee imports from Brazil and Vietnam could challenge pricing for U.S. consumers [3] - The EU's new deforestation regulation, effective by the end of this year, will prohibit the sale of certain commodities, including coffee, grown on deforested land, imposing strict limitations on European roasters [3] - Lavazza expressed concerns that lawmakers driving this regulation do not understand the operational realities of the coffee business [3]