Climate Change Is Driving Coffee Prices Higher, Hitting Starbucks

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, explains that coffee prices have surged by 50% over the past year, largely due to severe drought in Brazil, the world’s top coffee producer. The water shortage is limiting crop recovery, driving global prices higher. This climate-driven inflation not only affects consumers but also puts pressure on businesses like Starbucks, which are already struggling with lower foot traffic and now face rising supply costs and pricing dilemmas.