Nestlé: No price hike for coffee products yet

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October 27, 2026 | 12:00am

MANILA, Philippines — Food and beverage manufacturer Nestlé Philippines Inc. will not yet impose price hikes for its coffee products, despite the projected decline in local bean production due to the El Niño and rising costs for imported beans.

Nestlé senior vice president and head of corporate affairs Jose Uy III said the company would not yet impose any price increases for its Nescafé products.

“At this time, we will try as much as possible to mitigate and prevent any price increase,” he told reporters.

“That is the last lever that we want to touch because we are very much concerned that affordability and accessibility are key, not only for the farmers but for our consumers,” he added.

Lower domestic production and rising costs to ship imported coffee beans are expected to push coffee prices higher, according to the Philippine Coffee Board Inc. (PCBI).

The PCBI forecasts that the country’s coffee production may be unlikely to reach 30,000 metric tons (MT) this year, amid the combined effects of El Niño and higher input costs.

PCBI estimates showed that imported Brazilian coffee beans currently cost around P650 per kilogram, while Arabica beans are priced between P700 and P750 per kilo.

On the other hand, coffee beans from Benguet can fetch between P750 and P900 per kilo.

“Since the beginning of the year, we’ve tried to stabilize as much as possible. We will look for efficiencies in our factories to ensure that we prevent pricing,” Uy said.

He said any price increase would depend on how fuel, energy, logistics and other input costs develop.

“But when push comes to shove. With the fuel prices, with the energy crisis, the logistic costs and rising inflationary pressures on the input costs, we will have to weigh things as they come. But it will be the last course of action,” Uy added.

Nestlé may explore additional imports to address the anticipated supply gap, with the company actively sourcing beans from either Vietnam or Indonesia to compensate for the gap in local harvest.