Why is there a global coffee shortage in 2021
Price: $ 19.50
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A poor harvest in Brazil due to bad weather and difficulties in shipping amid container shortages are pushing up coffee prices across the globe. Arabica coffee futures have increased from $1.2 per pound to nearly 2.5 per pound since the start of 2021 on the International Commodity Exchange. A lingering supply deficit Arabica coffee beans account for 75 percent of the world’s coffee output and are mostly cultivated in Brazil (40% of the world’s total supply) and in Colombia.
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Starbucks, Flush With Customers, Is Running Low on Ingredients - The New York Times
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