Finshots Daily Is the world running out of coffee?
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Sep 17, 2024 Coffee production is in turmoil due to climate change and increasing demand. Major coffee producers like Brazil are struggling, leading to rising prices for your morning brew. Meanwhile, Vietnam is pivoting from coffee to durian farming, highlighting a shift in agriculture driven by market changes. The discussion even explores intriguing solutions, such as synthetic coffee, to address future shortages. Are we really running out of coffee, or is there hope on the horizon?
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Coffee Crisis
- Global coffee consumption is rising, projected to double by 2050.
- However, suitable land for coffee cultivation is shrinking, causing prices to surge.
Climate Change Impact
- Climate change is the primary driver of rising coffee prices, impacting major producing nations.
- India, a significant consumer and producer, will also feel the effects.
Brazil's Coffee Troubles
- In 2021, Brazil, the world's largest coffee producer, lost a substantial amount of coffee plantations due to frost.
- Erratic weather continues to damage crops, leading to smaller beans, particularly impacting Arabica coffee.