Brazil's Coffee Stockpiles Dwindle as Prices Hit Record Highs.
Brazil's coffee farmers have been forced to sell almost all their beans months before the new crop due to a drought that has ravaged the country's coffee production. The global prices of coffee have nearly doubled in the past 14 months, with arabica prices soaring 70% and robusta prices surging 72%. As a result, consumers are facing higher prices for their daily cup of coffee.
- The current shortage of coffee is not just a supply chain issue, but also a reflection of the precarious nature of global food systems, where weather events can have far-reaching impacts on production and pricing.
- How will the ongoing drought in Brazil impact the global coffee market in 2025, particularly in light of expected increased demand due to caffeine connoisseurs drinking more coffee than is produced globally?