Roasters and coffee experts are also signaling that prices could remain higher for longer, as factors like climate change reduce the coffee global supply.
Climate change drives prices up“Coffee is more sensitive to changes in temperature than many other crops,” said Michael Hoffmann, professor emeritus at Cornell University’s College of Agriculture and Life Sciences.
“Climate change is getting worse.
According to Delany, coffee prices are typically between 100 to 140 cents, but have stayed consistently above that range for the past three years.
“There’s a drum beat in the background that is climate change, and that is causing problems,” he said.
Persons:
CNN —, Tomas Edelmann, ”, Hamburgo, Miranda, Ryan Delany, there’s, Michael Hoffmann, “, Brazil sneezes, Delany, Arabica, ” Neil Rosser, Lavazza, Miranda Edelmann, Giuseppe Lavazza, Nestle, Sharon Zackfia, William Blair, Rosser, ” Delany, you’re
Organizations:
CNN, Coffee, International Coffee Organization, United Nations, Coffee Trading Academy, Cornell University’s College of Agriculture, Life Sciences, US Department of Agriculture, Commodities, Financial Times, Nestle
Locations:
Chiapas, Mexico, Brazil, Arabica, Vietnam, Ukraine, Red