A global crisis hits the coffee industry

Published 2021년 11월 22일

Tridge summary

A severe global shortage of Arabica coffee, which makes up approximately 60% of the world's production, is causing concern due to damage to crops from bad weather. This deficit, expected to impact the market for at least the next two years, has led some merchants to use cheaper Robusta beans for instant coffee, despite their stronger flavor and caffeine content. The crisis is exacerbated by destruction of coffee trees from drought and frost, increased fertilizer and labor costs, and shipping constraints for the large Robusta crop in Vietnam. Prices for Arabica beans have surged by nearly 80% this year, with the exact crop size still unknown.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The habit of drinking a cup of coffee in the morning, which millions around the world are keen on, has become threatened due to a global crisis on the doorstep. In a report, Bloomberg Agency reviewed the details of a crisis the world is currently facing due to a severe shortage of “Arabica” coffee, which gives the most delicious flavor and forms about 60% of global production. This crisis appeared on the surface due to the damage to coffee crops due to bad weather waves, which resulted in a production defect that could cast a shadow on the coffee market for years. This is not just a short-term crisis, but it will remain in our considerations for the next two years, said Konna Hack, research officer at ED&F Man in London. To "Robusta" coffee beans, which is more solid than "Arabica" and is cheaper. Some coffee merchants are now resorting to cheaper types such as "Robusta" for the purposes of producing instant coffee, but they contain more caffeine, which gives it a pungent flavour. ...
Source: Akhbarelyom

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