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December
11th, 2024
To our Valued Customers, ,
You rely on us
for consistent quality and pricing, so we want to be upfront about the
challenges facing the coffee industry and why we are increasing prices by 20%.
Extreme weather in Brazil and Vietnam,
coupled with EUDR-related import delays and growing global demand, have driven
raw coffee costs up 77% this year.
While KMO has absorbed most of this impact,
to maintain the quality and service you expect we must adjust our pricing.
We believe in open communication and value
your partnership. We look forward to continuing to deliver exceptional coffee
experiences to you and your clients.
Some Helpful Articles in Mainstream Media:
https://www.bbc.com/news/articles/c36pgrrjllyo
https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-12-10-2024/card/coffee-prices-break-47-year-old-record-B46Hi6BOWrhxLhos0DH2
Average Cost of Arabica Coffees (Not Including additional Regional
Differentials Charges) Year-to-Year
Sincerely,
Will
Roberts | Kaffe Magnum
Opus Terry Kolonich | Kaffe Magnum Opus
VP, General Manager of Specialty
Coffee EVP, Chief Operating Officer
E: william@kmocoffee.com E:
terry@kmocoffee.com
500 South Wade Blvd
Millville NJ, 08332
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