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An Italian coffee giant has warned a global coffee shortage might be on its way.
We know, what of the pumpkin spice lattes?
Andrea Illy, chairman and CEO of Illycafe told Bloomberg that increased consumption, particularly in emerging markets, means we’d need an extra 40 million to 50 million bags of coffee in the next decade to keep up with demand. That’s more than the entire crop of Brazil.
The situation is worsened by climate change and low prices.
‘Sooner or later, in months or years, we’ll have to make a bold decision about what to do. We don’t know where this coffee will come from,’ Illy said. Okay, try to breathe.
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Climate change means farmers in Brazil could lose a quarter of their output, while those in Nicaragua, El Salvador and Mexico also face losses if they don’t adapt.
At the same time, we’re all drinking… Read the full story
