Ediya Coffee Raises Prices by an Average of 8% on Stick and Capsule Coffee Products
[Asia Economy Reporter Moon Hyewon] Ediya Coffee recently raised the prices of stick, drip bag, and capsule coffee products sold on its own online mall.
According to the industry on the 4th, Ediya Coffee recently increased the prices of products such as stick coffee Binist, Binist coffee mix, capsule coffee, and drip bags by an average of 8%.
An Ediya Coffee representative said, "Due to recent inflation, several online distribution sales channels have raised prices," adding, "Our own mall also had no choice but to raise prices starting from May this year to minimize the damage to sales channels."
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This price increase is attributed to the soaring cost of coffee beans. According to the UK ICE Futures Exchange, coffee prices rose from 199.2 cents per pound on the 14th of last month to 218.15 cents per pound as of the 20th.
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