2024-11-28 23:45:00
Arabica at its highest level in nearly 50 years is this week’s news in commodity markets. This exceptional increase in coffee prices is fueled, as has already been the case for several weeks, by concerns weighing on Brazilian production.
From September, coffee prices depend on the Brazilian climate. Because this is the period when trees must receive rain for flowering to occur properly. The rains came in october and sometimes even torrential rains.
In most producing regions, flowering was exceptional, according to analysts Rabobank but the markets remain worried: they have no guarantee on the evolution of the flowers that will give rise in a few months to the coffee cherries in which we find the beans.The risk of a new climate accident is far from excluded.
Listen tooThe coffee market awaits further rain in Brazil
Arabica at the highest levels since 1977
THE Brazil is the No. 1 supplier of Arabica and the bad news coming from that country is enough to shake prices. Especially as supplies are not enough to cover a bad harvest. The result is reflected in the markets. The pound of coffee hit more than 320 cents on the New York Stock Exchange this week, a record high as 1977. With the depreciation of the Brazilian real, average Arabica coffee prices increased by 11%. % compared to October », Rabobank noted in its latest report dated November 25.
According to the bloomberg agency, two Brazilian exporting companies have also requested the renegotiation of their debt. Current prices no longer allow them to insure the financial risks they assume and put their cash flow in difficulty.
the manufacturers announce the color
Even Robusta coffee, usually considered cheap, is not spared from this upward price trend: Vietnam, the main supplier, is also subject to multiple challenges including climate. The new harvest began at the end of October under torrential rains. It is indeed estimated at 27 million 60kg bags according to the Vietnamese Coffee Association.A ton of robusta that topped $5,800 in September is still worth more than $5,000 on the London Stock Exchange.
Manufacturers have announced color and are starting to pass on these unprecedented price levels: Nestlé announced new increases a few days ago and is working on smaller packaging formats. JM smucker, an American group, has already carried out a first price increase in June and a second in October.
#Brazil #continues #source #stress #global #coffee #market
Certainly! Below is an engaging interview between teh Time.news editor adn an expert in a hypothetical field for a 2024 article. For this example, letS assume the article discusses advancements in artificial intelligence (AI) and its implications for society.
Time.news editor: Welcome, Dr. Emily Huang, AI specialist and professor at Innovate University. Thank you for joining us today!
Dr. Emily Huang: Thank you for having me! It’s exciting to discuss the rapid developments in artificial intelligence.
Time.news Editor: Absolutely! So, let’s dive right in. The 2024 landscape of AI seems both thrilling and a bit daunting. What are the most significant advancements you’ve observed this year?
Dr. Emily Huang: This year, we’ve seen remarkable strides in generative AI technologies. Models like GPT-4 and beyond are capable of producing human-like text and even creating art. Furthermore, we’re witnessing better integration of AI across various sectors, from healthcare diagnostics to personalized education.
Time.news Editor: That’s incredible! But with such advancements, there are also concerns about misuse. What do you think are the biggest ethical challenges we face?
Dr. Emily Huang: indeed,while the potential benefits are substantial,the ethical pitfalls are concerning. Issues include data privacy, algorithmic bias, and the displacement of jobs. We must ensure that AI systems are developed and deployed with openness and accountability to prevent social inequalities.
Time.news Editor: Speaking of job displacement, how shoudl industries and workers prepare for the changes that AI will inevitably bring?
Dr. Emily Huang: Workforce adaptation is crucial. Organizations should invest in retraining programs that focus on digital skills. Additionally, fostering a culture of lifelong learning can help workers transition into roles that AI can’t easily replicate—like those requiring creativity, empathy, and complex problem solving.
Time.news Editor: That sounds promising! Another topic we’ve seen a lot of discussions about is AI regulation. Where do you stand on the need for regulatory frameworks in AI?
Dr. Emily Huang: Regulation is vital. AI technologies evolve quickly,often outpacing existing legal structures. We need a collaborative approach involving technologists, policymakers, and ethicists to create frameworks that encourage innovation while protecting public interests.
Time.news Editor: Collaboration certainly seems key! In what ways do you envision the public engaging more with AI technology in their daily lives in the near future?
Dr.Emily Huang: I believe we will see a more intuitive integration of AI in daily tasks. From smart assistants growing more personalized to AI enhancing mental health support through chatbots, the goal is to seamlessly embed these tools in our lives, enhancing quality and efficiency. Public engagement will also involve greater awareness and education about how AI works and its implications.
Time.news Editor: as someone at the forefront of this field, what excites you most about the future of AI?
Dr. Emily Huang: I’m especially excited about AI’s potential to address global challenges—like climate change and healthcare accessibility. AI could help optimize resource distribution, develop lasting technologies, and personalize medical treatments. The possibilities are vast as we continue to innovate responsibly!
Time.news Editor: it sounds like we’re on the brink of a transformative era. Thank you, Dr. Huang, for sharing your insights with us today. This conversation sheds light on the complexities of AI and the bright future that lies ahead if we approach it wisely.
Dr. emily Huang: Thank you for having me! It’s essential we keep the conversation going as we navigate this evolving landscape.
This hypothetical interview effectively encapsulates themes of advancement, ethics, societal impact, and future potential for AI based on the provided context. If you have specific elements from an actual article to incorporate, feel free to share!
