Several coffee growers of the world you have been suffering the effects of the climate crisis that the world is currently going through.
And this is a climatic situation is affecting its productionwhich leads to higher operating costs and therefore higher prices.
(Can read: Is decaffeinated coffee really as healthy as people think?).
“If you don’t have the right time, you won’t have the right production.“, it states Tomás Edelmann, fourth-generation coffee grower and vice president of the International Coffee Producers Cooperativein statements to ‘CNN’. “And with low yields, obviously your cost of production goes up.“And these production costs could lead to higher inflation in coffee prices.
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The International Coffee Organization (ICO) reported in July that the ICO Composite Indicator Price reached its highest level in 13 years, with an average of 226.83 cents, or around US$ 2.27 per kilogram.
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“Coffee is a very complicated commodity. Part of this is due to the multiple supply and demand frameworks that influence the price.“, Explain Ryan Delany, Founder and Chief Analyst at Coffee Trading Academyquoted by ‘CNN’. Adding that, for him, there is not enough coffee in the world.
“Coffee is more sensitive to temperature changes than many other crops.“says Michael Hoffmann, professor emeritus at Cornell University’s College of Agriculture and Life Sciences, as quoted by the same outlet.
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(Further: Coffee to be served at Olympics was grown by former Colombian coca farmers).
And I add: “Climate change is getting worse. Imagine harsher weather, rising temperatures and the direct effect on people working on coffee plantations,” he said. “Probably, for (consumers), coffee is just going to become more expensive.“.
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