End to coffee price war on horizon

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The story "End to coffee price war on horizon" was covered 2 days ago by The Star, a news publisher based in Malaysia.

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The Star 2d ago

End to coffee price war on horizon - The Star

Quick Summary:

Luckin Coffee, China's largest coffee chain that became highly popular after it priced a cup at just 9.9 yuan ($1.36), has announced rate hikes across its product lineup, leaving many office workers feeling the pinch.

That said, coffee chains like Luckin usually have long-term supply agreements with producers to help stabilize their procurement costs and insulate themselves from the impact of market volatility, Zhu added.

"Losing Luckin's cheap coffee was a real blow, but Cotti's unlimited offer at 9.9 yuan has been a relief," Zhao said.