Stellar Beans talked about the impact of sanctions on coffee supplies to Russia

Sanctions against Russia do not have a significant impact on coffee imports into the country. This was announced on Sunday, April 20, by the commercial representative of Stellar Beans, Francis David.

"The coffee industry has its own nuances, but the sanctions have not had much effect on our imports. The fact is that there are still difficulties with payments, but we already have a lot of experience with importing other goods, and we don't see any barrier in importing coffee," the businessman said in an interview with RIA Novosti.

He told about this on the sidelines of the Coffee Tea Cacao exhibition in Moscow.

I'll pour you an invigorating drink: Russians are switching from coffee shops to coffee at home

The decline in sales of the drink is taking place, among other things, against the background of rising prices for raw materials

On March 25, Roschaikoff CEO Ramaz Chanturia said in an interview with Izvestia that only a cooling of global demand for coffee could stabilize coffee prices. He noted that over the past year, arabica has risen in price from 150-170 to 380 cents per pound, and a month ago the price reached 420 cents per pound. The robusta variety, which cost about $2,000, is now trading at $5,500. Both types of beans at the same time have never been so expensive in the history of observations of the coffee market, the expert said.

Prior to that, on March 7, Reuters reported that the rapid rise in coffee bean prices had led to a significant drop in global trade in this commodity. It was noted that the price of coffee bean futures on the ICE exchange has increased by 70% since November. The agency cited a drop in production in key coffee-producing regions, in particular Brazil, as the reason for this growth.