Global coffee prices are forecast to jump to $ 3.32 per kg this year – an increase of 21.6% from 2020 – according to market research firm IBISWorld, after a July cold snap in a major arabica coffee-producing region of Brazil wiped out a third of the crop.
Suzy Oo, a senior industry analyst with IBISWorld, said the cost of freight had contributed to making the recent coffee bean price spike the largest since 2014. She predicts prices will fall over the coming months and doesn’t expect a rise in the cost of a flat white, owing to competition between cafe owners. But the other factor to consider is climate change, Oo said. “There’s also the extreme weather conditions in Brazil, which is the world’s biggest supplier of coffee beans.”
Farmers in coffee-producing regions of Brazil have been grappling with droughts in recent years and while frosts are common in July and August, the severity of the most recent event caught producers by surprise.
This story is from the October 15, 2021 edition of The Guardian Weekly.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in
This story is from the October 15, 2021 edition of The Guardian Weekly.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in
We're in a perk-cession. Bosses should consider what staff really want
Three-course dinners, access to wellness centres, even free drycleaning - for years the goodies that came with a job in the elite tech sector were more than mere accessories - they symbolised your membership of an exclusive club.
In global affairs, the US still acts only in its own best interests
In the two decades since the second Iraq war, the United States appears like the Bourbon kings who had learned nothing and forgotten nothing. The illegal invasion and occupation of Iraq was a story of geopolitical failure and domestic political disaster. To understand the foolhardy decision to launch the war, one must first understand the US grand strategy of global hegemony, pursued by Washington since 1945.
The brainwashing cycle
While we sleep, aneurological deep clean takes place that is crucial for filtering out toxins and warding off dementia. Here's how to optimise it
GLOBAL HEATING: Scientists issue 'final warning' on climate crisis
Scientists have delivered a \"final warning\" on the climate crisis, as rising greenhouse gas emissions push the world to the brink of irrevocable damage that only swift and drastic action can avert.
Trump's legal woes mount as 2024 race hots up
As Donald Trump runs again for the White House, he's dogged by four criminal investigations, shortening the odds that he will face charges, say former federal prosecutors.
Mr.Brightside
His spectacular sequin designs have won Ashish Gupta legions of fans around the world. As he prepares for his first retrospective in London, he looks back at 20 years of fighting gloom with glitter
Disabled villians: the trope that won't die
For centuries, fictional narratives have used outer difference to telegraph inner monstrosity. And, as Jan Grue has learned, editing out a few slurs or bad words cannot fix this ugly characterisation
Court drama: What does the ICC arrest warrant mean for Putin?
What is the international criminal court arrest warrant for Vladimir Putin for?
Xi's visit consolidates Beijing's upper hand over Putin
Xi Jinping said China is ready with Russia \"to stand guard over the world order based X on international law\" as he arrived in Moscow for a state visit on Monday, days after Vladimir Putin was made the subject of an arrest warrant by the international criminal court.
A crisis is long overdue. Silicon Valley Bank's collapse won't be a one-off
It has been a year since the Federal Reserve started to raise interest rates and banks are starting to fall over in the US.
Brazil Yanks the Welcome Mat for Oil Investors
Foreign oil majors have filed an injunction to halt a new tax on crude exports
Pivoting to Troll
Elon Musk’s incessant posting may do wonders for his ego and clout in right-wing circles, but it has destroyed value pretty much everywhere else
Rafael Brandão THE SHAPE OF THINGS TO COME!
In the fall of 2017, MD's own Giles Thomas was in San Marino, Italy covering the pro show. Two future stars made their pro debut that day. One was the tank-like Hadi Choopan, and the other was a study in shape and symmetry named Rafael Brandão from Brazil. Giles immediately recognized the vast potential in the young man, and as time went by the rest of the bodybuilding world caught on. Fast-forward to 2022 and "Rafa," as many know him, is one of the best up-and-coming competitors in Open Bodybuilding. We spoke about training with Flex Lewis, the true power and rewards of bodybuilding beyond the superficial muscles, the meteoric rise of Brazilian athletes in the IFBB Pro League, and his first Mr. Olympia coming up later this year.
Why Land Is Key to Brazil's Presidency
Lagging Lula in polls, Bolsonaro is wooing rural voters by giving squatters title to their farms
Avoiding A Brazilian Detroit
The country's Motor City is losing plants and jobs in a sign of manufacturing decline
SAMBA
FABIO KOEHLER is an artist and a musician who has been living away from his native Brazil for over six years. Here he shares the joy of samba and describes how people from all cultures have danced and made music to connect with life, transform pain into happiness, and come together in community.
Jatoba
"Pretty, but tough and ornery"
TERRITORY OF ABSENCES ALMIR BINDILATTI
ART MARKET
OUTAGE HIGHLIGHTS HOW VITAL FACEBOOK HAS BECOME WORLDWIDE
The six-hour outage at Facebook, Instagram and Whatsapp was a headache for many casual users but far more serious for the millions of people worldwide who rely on the social media sites to run their businesses or communicate with relatives, fellow parents, teachers or neighbors.
Brazil Speeds Up Mobile Payments
A year ago the Pix platform didn’t exist. Now half the population uses it like cash