Farmer David Armstrong recently finished planting what is likely the most challenging crop his family has ever cultivated since his ancestors started farming in 1865 - 20,000 coffee trees. Except Armstrong is not in the tropics of Central America - he is in Ventura, California, just 60 miles (97 km) away from downtown Los Angeles. "I guess now I can say I am a coffee farmer!" he said, after planting the last seedlings of high-quality varieties of arabica coffee long cultivated in sweltering equatorial climates.
(Bloomberg) -- Production of key crops including sugar and coffee could drop by as much as 59% in the long-term due to climate change, according to a report by the Stockholm Environment Institute, while wheat output may increase.The U.S., China, and Brazil are “significant sources of climate risk for global commodity markets,” the report says, arguing that changes will disrupt long-established trade flows all over the world and risk social upheaval.Corn production in the U.S. alone could plunge
The most devastating frost in decades in top coffee producer Brazil and record freight costs sparked by COVID-19 causing massive shipping logjams are expected to push retail prices to multi-year highs in the coming weeks. A hike in coffee prices will further raise the cost of a basket of shopping following increases for other items such as bread, vegetable oils and sugar. The worst cold snap in Brazil since 1994 sent the price of green coffee beans to the highest level in almost seven years and is expected to pass through to consumers when they purchase roasted beans or ground coffee in supermarkets.