They predict a serious increase in the price of coffee worldwide

Instant coffee may rise in price due to drought in Brazil. Experts interviewed by Bloomberg predicted the increase in the price of one of the most popular drinks in the world because of this now global problem. Due to the lack of rain and high temperatures, the harvest of the robusta variety will decrease by 15-20%, says Edimilson Callegari, general director of the Brazilian grain cooperative Cooabriel. If the forecast comes true, production of the cheap variety of coffee, which has a richer and more bitter taste than Arabica, will be below 20 million bags, a record low since 2020. How much has the price of coffee increased in the EU in a year? In which country is the biggest price increase? Due to the drought, the prices on the coffee markets have already started to rise, commented the analyst from the company StoneX Fernando Maximiliano. Robusta coffee futures in 2023 rose by 42%. In addition to Brazil, it has already faced the negative impact of the natural phenomenon El Niño ...