Home Coffee prices Climate change will soon hit your morning coffee | New

Climate change will soon hit your morning coffee | New


Climate change is such a huge problem, with potentially catastrophic ramifications, that many people find it difficult to understand the danger we face.

So let’s put it in simpler terms.

Climate change means you’ll pay more for coffee, every day, maybe the rest of your life.

And it may not be as good.

“American consumers should expect much more expensive and lower quality coffee due to rising temperatures, extreme rainfall and the higher frequency of severe droughts,” said Titus O. Awokuse, chairman of the department. of Agricultural, Food, and Resource Economics from Michigan State University. .

“Recent studies show that up to 60% of high-quality coffee species are threatened with extinction due to the negative impacts of climate change,” he told me.

The. Do you have your attention now?

Climate change is not just an environmental problem. It is a consumer problem.

The cost of food is increasing. This is in part due to supply and manpower issues related to the COVID-19 pandemic.

But it is also a reflection of how climate change on our planet is affecting crops, livestock and other sources of food.

“Prices reflect supply and demand, and if production costs rise or supply becomes more limited, prices will rise,” said Carolyn Dimitri, associate professor of nutrition and food studies at New York University.

“Climate change is likely to increase production costs and reduce supply, at least in a few years,” she predicted, adding that she would be “horrified” if decent coffee became more difficult to obtain. to find.

“I’ll pay pretty much any price for my coffee,” Dimitri said, echoing my own thoughts and, I guess, those of millions of other coffee drinkers.

Coffee futures recently hit their highest level in four years, in part due to extreme weather conditions in Brazil, the world’s largest coffee producer.

Take into account the supply issues related to the pandemic, and the cost of coffee beans has risen by more than 40% so far this year.

Since caffeine heavyweights such as Starbucks and Nestle buy their coffee supplies well in advance, not all resellers of our Daily Solution will increase prices immediately.

But some are already warning of higher retail costs.

JM Smucker, maker of Folgers and Dunkin ‘ground coffee, said he had no choice but to raise prices. “We are seeing inflationary costs impacting the full year,” the company’s chief financial officer said on a recent conference call.

Coffee is just an item on supermarket shelves that is getting more and more expensive due to climate change.

Bad weather drives up the price of sugar. Wheat prices are now at their highest for almost eight years.

Corn, soybeans, avocados, almonds, honey, citrus fruits are all more expensive.

And it’s not just in America. According to the United Nations, the prices of food in the world increased by 33% in August compared to the previous year.

“Climate change is contributing to this because climate variability, extreme events and prolonged droughts in some areas can reduce yields and therefore supplies,” said Sanford Eigenbrode, professor of entomology at the University of Idaho.

It does not mean that we are doomed. Some experts believe that global food production will adapt to climate change.

“Climate change will not affect agriculture in the same way in all regions of the world,” said Ellen Bruno, agricultural economist at UC Berkeley. “We have a great ability to adapt.

In other words, cultures that start to fail in some parts of the world may thrive in others.

Overall, however, climate change is reaching – or has already reached, by some estimates – a tipping point. And all of this guarantees higher food costs in the future.

A recent report by the Intergovernmental Panel on Climate Change, the world’s leading authority on climate science, found that droughts that previously occurred perhaps once a decade are now 70% more frequent than ‘in the pre-industrial era.

Climate change is obviously a bigger threat than more expensive meals. This means warmer temperatures, more rainfall, more droughts, rising sea levels, flooding of coastal areas and other dystopian prospects.

Solutions to a problem of this magnitude are not easy. Nations around the world are called upon to reduce greenhouse gas emissions and adopt more environmentally friendly energy sources.

These measures are difficult and expensive, and require both unity and sacrifice – two things that are not always easy in a world driven primarily by self-interest and myopia.

What you can do – what you need to do – is support politicians who recognize the danger and are ready to rise above selfish interests and show the necessary leadership in times of global crisis.

Also, consider outsourcing your business to companies willing to play a role in tackling climate change, although it’s not always clear how serious some companies are in this regard.

Institutional Shareholder Services found that just over a third of Standard & Poor’s 500 companies have set ambitious climate change targets. The rest have modest goals or no climate change plan at all.

Some tech and retail heavyweights, including Microsoft and Walmart, have been among the most aggressive in developing plans to become “carbon neutral” in the years to come.

But others, especially those in the heavily polluting energy sector, have been more cautious about their intentions or have resisted redesign operations in the name of the planet’s survival.

As I said above, these are difficult things, which require hard, sweeping solutions – the kind of behavior that human beings have not always been very good at.

So keep the focus. If nothing else, think about the food you eat. Think about your daily coffee habit. Hell, think about my daily coffee habit.

“People in the United States have gone through a long period where crop yields have gone up and food prices have gone down,” said Dane Scott, professor of environmental ethics at the University of Montana. “This period is probably over.”

He told me that price increases were now “inevitable”.

“Consumers should expect to pay more for food to help fund the huge business of adapting agriculture to climate change,” Scott said. “The greater the disruption of the Earth’s climate system, the greater the social and economic costs of adaptation.

And your large, quad, fat-free, single-pump, whip-less mocha is no exception.

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