Coffee Is About To Get A Lot More Expensive
Climate change has done long-term and perhaps irreparable damage to the Brazilian coffee crop, which is among the largest in the world. The result is that Americans have begun to pay a great deal more for coffee. This will affect everything from the coffee people brew at home to the cost of a drink at Starbucks.
*Coffee Trouble Long Term
Brazil accounts for about a third of the world’s coffee supply, which makes it the largest supplier. The trouble with the current crop is that there has been “below average” rain. In reality, some of the crops have been plagued by drought. Last week, Barchart wrote, “Coffee prices have rallied sharply over the past two weeks based on the outlook for a smaller Brazilian coffee crop.”
Trading Economics looks at the short-term future. The result of the weather is, “This shortfall has raised alarms about the potential impact on the 2025/26 crop, with analysts predicting a 5% year-over-year decline in production.”
Drink Tea Instead
The trend has started to look like that of cocoa, most of which is grown in West Africa. A cycle of drought and rain has stunted supply. Cocoa prices have risen. Chocolate prices are at an all-time high. Chocolate bars are smaller, but their prices have not gone up. Candy makers still need to make money.
The problem with climate-driven crop prices is that there is no way to forecast when the effects on crops will end. Coffee prices could be high for years, and the consuming public may need to move to tea.
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