Consumer Watch: Coffee prices

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by Andy Treinen

WHAS11.com

Posted on April 21, 2014 at 4:37 PM

(WHAS11) --Climate change could shake up the world’s coffee-growing industry and consumers could end up paying more for their morning joe fix.

Many Americans need the jolt of a cup of coffee in the morning, but that could end up a weaker cup and more expensive.

According to the Inter-Governmental Panel on Climate Change, pest, rising heat and extreme temperatures resulting from climate change may impact the supply of coffee worldwide and has the industry worried.

The IPCC said that temperature rise means coffee growing countries could run out of cool mountainsides to grow their coffee by 2050.

It also predicts by 2020 that coffee production could decline by 34 percent.

Profits are also shrinking in the industry, down from $200 per acre to less than $20 per acre, impacting millions of workers.

While a challenge may arise for many of these coffee growing countries, the situation can provide  an opportunity for others.

The industry mainly dependant on Brazil for their economic coffee fix, but when the landscape changes, so will the cost consumers pay for their caffeine infusion.
 

If you have a consumer issue you’d like us to look into send an e-mail to consumerwatch@whas11.com.

 

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