IMPORTANT UPDATE! Upcoming Price Increase
Velvet - Coffee Roasters
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Price Increase – January 10, 2025

To all my cherished customers,

From January 2024 we have seen coffee prices increase 77% since this period began.

We are all aware of the possible price increase that was inevitably coming, thanks to the media & our green coffee suppliers. For example, I have been sent for January 2025 the estimation for price increase, which will equate to $4.00 per kilo.

Unfortunately, we are at that time now I can no longer sustain or absorb the cost increases, very sad but a reality.

So, this goes without saying my coffee prices will now increase effective from Friday, January 10th 2025.


The key drivers of my price increasing:

Supply concerns in Brazil & Vietnam due to drought & floods. Brazil alone are down 11 million sacks from a September estimate & this pushes speculative traders to move hedges to cover short positions – pushing coffee prices higher, resulting in the highest level in 47 years (last seen 1977).

New Zealand dollar trading lower against the USD.

Regards
Stuart

SHOP Coffee

I currently roast out in Waihi, with a 15 kilo Petroncini (my little girl “Audrey”), sweet outer, warm inner, full bodied with a lingering finish & balanced acidity –she provides a perfectly roasted bean.

SHOP Coffee