The latest bout of volatility in the coffee market is set to linger, complicating the outlook for consumers hoping to see lower prices, according to Italian roaster Luigi Lavazza SpA.
“The market needs to have stability before it’s time to think about a reduction of prices,” Giuseppe Lavazza, chairman of the family-owned firm, said in an interview in London on Wednesday. It will take at least two strong harvests and a significant rebuilding of global inventories to ease supply constraints, making lower prices unlikely over the next two years, he added.
