They predict a serious increase in the price of coffee worldwide

Published 2023년 12월 13일

Tridge summary

Drought in Brazil and other natural phenomena in coffee-producing countries have led to forecasts of decreased coffee production and potential rises in coffee prices. The drought in Brazil has led to a 15-20% decrease in the harvest of the robusta variety, and prices have already begun to rise. Additionally, forecasts suggest that Indonesia may also experience decreased coffee production in the coming years, potentially leading to a world coffee shortage.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 ...

Source: Money