Historical maximum coffee prices: the industry asks to cut excise tax

The Hellenic Association of Coffee directed A letter-image to the Secretary General of the Prime Minister Kiriakos Mitsikitisisasking to include ads on the package of Δεθ The cancellation is either significant Reducing EFK (special excise tax) on coffee.

The argument is an international rally of prices and the need to support citizens by restraining inflationary pressure.

Why a cup is getting more expensive

Excise, introduced January 1, 2017 years, strengthens the load on the business and, as a result, on the consumer in conditions of protracted “food” inflation. This pushes up the consumer price index and enhances the price pressure on the household.

World prices: maximum in 50 years

Coffee in foreign markets reached levels that they have not seen for half a century: climatic shifts and Weak crops in key manufacturing countries, Geopolitical turbulencenew regulations EU due to proper care to protect forests (Eudr), Trade duties and growing demand from China disperse prices.

• Arabica: for a month +35.86% (New York Exchange).
• Robusta: for a month +49.72% (London).

Greek reality: “Costs of costs”

In Greece, coffee prices reached historical maximums. “Cocktail” from energy tariffs, salaries growth And expensive rent finishes the margin. It is more difficult for small players to compete with foreign companies; The stability of many catering establishments in question.

An example of Denmark

Denmark Recently announced lifting taxes for coffee and chocolateto unload households against the backdrop of the rise in price of coffee on 35.5% for a year. This is a signal that tax setting can become part of an anti -inflation response.

What are the market participants achieve

The Association urges the government to follow the example of Denmark and enable the cancellation or a significant reduction EFC for coffee In ads Δεθ. The solution, they emphasize, give a quick and tangible effect for citizens, make a “daily cup” more accessible and help Hold inflation.

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