The chairman of Lavazza has warned that Donald’s Trump’s tariffs could push coffee prices higher - as the US President threatens the world’s biggest producer with a 50% export tax.
Giuseppe Lavazza said the coffee industry had faced “exceptional volatility”, with Arabica coffee prices increasing by 70% in 2024 and another 20% in the first two months of 2025 to reach a record high of 4.20 US dollars per pound on February 10.
