Climate Change Drives Up Coffee Prices and Threatens Supply
Rising temperatures and erratic weather are impacting coffee production globally, leading to higher costs and potential long-term shortages.
- Key coffee-producing regions like Vietnam and Indonesia are facing severe droughts and erratic weather patterns, reducing coffee yields.
- The price of robusta coffee has nearly doubled since early 2023 due to climate-induced crop losses.
- Climate change is expected to render up to 50% of current coffee-growing land unsuitable by 2050.
- Small-scale farmers, who produce about 70% of the world's coffee, are particularly vulnerable to these changes.
- Technological advancements and sustainable practices are crucial but require significant investment and time to implement.