Thursday, November 08, 2012

Superb timing again: MarketWatch tells us about a record Brazilian coffee crop on the same day that the BBC provides a typical sob story about CO2 ruining the coffee crop

Coffee prices fall, but not at Starbucks - MarketWatch
The price of Arabica coffee dropped to around $1.71 per pound in October, down 3% from the previous month and down about 30% from the $2.48-per-pound price of a year ago, according to the latest edition of the World Bank’s “ Commodity Markets Review Report .” Why? Supply is plentiful in Colombia and Central America, where much of the coffee that ends up in the American market is grown. In fact, Brazilian coffee growers, who provide a third of the world’s coffee, are predicted to harvest a record 6.6 billion pounds in 2012
BBC News - Climate change threat to Arabica coffee crops
Climate change could severely reduce the areas suitable for wild Arabica coffee before the end of the century.

That is the conclusion of work by a UK-Ethiopian team published in the academic journal Plos One.

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