I have some unfortunate news for everyone. Coffee is about to cost a latte more.
Studies forecast that due to higher temperatures and shifting rainfall, over 90% of bean-growing land will be rendered unsuitable for farming by 2050. This means bean prices may rise from $1.28/lb to over the record high $3.39/lb in a few years.
This is bad news for the globally caffeinated: people consumed 151m 60kg bags of coffee last year, and don’t even get started on China – their coffee habits have doubled in the past 5 years. Coffee is the most traded commodity in the world (after oil), so this is going to make for some very cranky mornings ahead.
It might be time to swap to tea.
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