;)
Bloomberg has an article out claiming that coffee production is being hit by climate change:
Global Coffee Shortage Looms as Market Braces for Climate Change
Rising consumption, especially in emerging markets, means global production will have to rise by an extra 40 million to 50 million bags of coffee in the next decade, said Andrea Illy, the chairman and chief executive officer of Illycafe SpA, a roaster based in Trieste, Italy. That’s more than the entire crop of Brazil.
Throw in the looming threat of climate change, as well as low prices that are discouraging farmers from increasing output, and you’ve got a potential problem. It’s something producers, government officials and industry representatives are trying to tackle this week at the Global Coffee Forum in Milan.
A shortage and low prices eh? Sounds a bit odd. Odder still is this graph of global coffee production. Spot the climate change effect if you can.
;)