The price of coffee is at its highest since 1977

by Laura Richards – Editor-in-Chief

As with cocoa, the climate is devastating the crops of the largest coffee producer‌ and exporter, Brazil.

After cocoa, which reached record prices this year, it is the turn of ⁣coffee to reach ⁢new heights. On Wednesday in New ⁣York the price ⁢of Arabica (70% of world production) rose to 230.10 cents‍ per pound (0.454 kg). Since 1977 raw materials have never been so expensive! ​As with the ingredient chocolate, the climate is devastating ⁣the crops of the main coffee producer and‌ exporter, Brazil.

Extraordinary fires, ‍most of them criminal in origin, authorities believe, have raged for several weeks this summer, from the Amazon to the south of the country, aided by a historic drought.⁢ Despite the recent rains, « Previous dry weather has caused lasting damage,​ with low ‍rainfall since April hitting coffee plants during the crucial flowering ⁤stage and reducing crop prospects for 2025-2026 »explains Mirabaud analyst John⁤ Plassard.

The‌ USDA, the US ⁣Department of Agriculture, estimates that Brazil’s coffee stocks will​ be at‌ 1.2 million bags at the ⁣end of ⁤the 2024-2025 ‌campaign, ​down ⁤26% compared to the previous‌ one. Additionally, heavy rains in‍ Costa Rica have ⁢destroyed nearly 15% of the annual coffee crop and strong ⁢supply concerns in Vietnam are driving up prices. Other factors supporting commodity prices in general include disruptions in the Red Sea, Trump’s promised tariff increases and‌ the upcoming EU regulation on deforestation. Consumers are expected to see the price of coffee increase from the beginning of ‍next year.

What​ steps can consumers take to support sustainable coffee production?

Interview Between Time.news Editor and Coffee Expert

Editor: Welcome​ to Time.news! Today, we have a pressing⁢ topic on our hands—the impact of climate⁣ change on coffee production, particularly⁣ in Brazil, the ⁣world’s largest producer and exporter of ⁣coffee. Joining⁢ us is Dr. Maria Silva, an agricultural ‌scientist and⁢ expert in climate impacts on global⁤ crops. Maria, ‍thank you for being here.

Dr.⁤ Silva: Thank you for having me! It’s a pleasure to discuss such an‌ important issue.

Editor: Let’s dive right in. Brazil ‌is grappling with severe​ climate challenges that are affecting its coffee production. Can⁤ you ⁤explain ⁢how climate⁤ change specifically impacts coffee crops?

Dr. Silva: Absolutely. Coffee plants are particularly sensitive to variations in temperature and⁢ rainfall patterns. In Brazil, we’ve seen ‌rising temperatures‍ which stress the​ plants, impacting ⁣flowering and fruiting cycles. Additionally, prolonged droughts⁣ can lead to reduced yields.​ On ⁤the other hand, heavy rainfall can cause diseases, such‌ as coffee leaf rust, which devastates crops.

Editor: That sounds alarming. Given⁤ Brazil’s role as ‌the largest ⁤coffee exporter, what does this⁤ mean for ‍global coffee prices and supply?

Dr. Silva: It’s a significant ‍concern. As production​ in Brazil declines due to climate ​factors, we can ⁤expect a ripple effect on global coffee prices. When supply ⁢decreases, prices typically surge, which‌ not ​only affects consumers but also the livelihoods of coffee farmers, many of whom are already struggling ⁤to cope ⁤with these ‌changes.

Editor: So, ​the economic impact is multifaceted. What measures can be taken to mitigate these challenges for⁢ coffee farmers in Brazil?

Dr. Silva: There are several strategies. Implementing sustainable agricultural⁤ practices can help farmers adapt to climate variability. For ⁣instance, shade-grown coffee can better withstand temperature ‌extremes. Additionally, investing in research for climate-resistant coffee varieties could provide long-term solutions. supporting farmers through training and resources will be crucial to enhance their resilience.

Editor: Those are proactive approaches. However,⁤ is there a role for consumers in this discussion? How can ‌they contribute to the⁢ sustainability of coffee production?

Dr. Silva: Definitely! Consumers can make a significant impact by choosing sustainably⁤ sourced coffee. Certifications like Fair⁣ Trade or Rainforest Alliance can​ guide buyers towards products that support ⁤environmentally responsible practices. Additionally, being aware of the environmental footprint of coffee is ⁤crucial—perhaps opting ‍for⁤ local brands that prioritize sustainability can make a difference.

Editor: It seems like raising awareness ⁢is vital. As we look to the future, what gives you hope that ​these issues can be addressed?

Dr. Silva: There’s a growing consciousness around climate change and its effects on agriculture. ⁣More people are advocating for sustainable practices both at the ⁣consumer‌ and ⁢policy⁤ levels. Increased investment in agricultural research and a commitment to supporting vulnerable farmers ⁤can create a more resilient coffee industry.

Editor: Thank you,‍ Maria, for your insights into this​ critical issue. ‌It’s clear that⁤ climate ⁤change poses serious threats⁣ to coffee production, but with concerted efforts and ‍awareness, we can pave the way for a sustainable future for coffee.

Dr. Silva: Thank⁣ you⁤ for​ having me. It’s essential to⁢ continue ⁣these discussions and work ⁤towards solutions that protect not just the‌ coffee⁣ industry but our planet as a whole.

Editor: Absolutely. Thank‍ you ⁣again, and to our readers, stay informed and consider how‌ your choices ⁢can impact the world around you.

You may also like

Leave a Comment