Why coffee is becoming a luxury commodity around the world

For hundreds of millions around the world, the start of the day is already accompanied by a blow to the pocket heavier than before. Mornings without coffee are unthinkable for many, but its price is going up and the main reason is one - the climate is hitting yields, which inevitably makes beans more and more expensive. "If the weather is not good, you don't have a good yield. With low yields, the cost of production obviously goes up," Thomas Edelman, a fourth-generation coffee grower, told CNN. The EU could face a coffee shortage in 2025 because of its own rules The rules came into force at the end of June and most companies will have to start complying with them from 2025 The International Coffee Organization has announced that its reference price has reached a 13-year high. Longer dry seasons are a major problem, and experts say prices could remain high for a long time as the problems stem from climate change. "Coffee is a very complex raw material. You have several supply and ...