If you’re addicted to a morning cup of coffee – or three – we’ve got some bad news.
According to experts, the world is about to experience a bigger coffee bean deficit than ever before.
Global production of coffee will need to rise by around 40-50 million bags in the next ten years to avoid a shortage. That’s more than the entire crop of Brazil, the world’s top grower and exporter of beans.
Andrea Illy, CEO of coffee brand Illy told Bloomberg that, "Sooner or later, in months or years, we'll have to make a bold decision about what to do," he told the publication. "We don't know where this coffee will come from."
There a few reasons we’ve ended up short on one of the world’s most popular beverages.
We’re drinking more coffee than ever before, especially in emerging countries like China and India. Lower prices have discouraged farmers from increasing their crops.
Just last year, Brazil had its worst drought in decades, destroying crops and driving prices to all-time highs.
The other big reason: the ever greater threat of climate change. Arabica, the world’s most popular coffee species, is particularly sensitive to warmer weather.
These rising temperatures mean farmers will have to either adapt warmer conditions or move production to higher altitudes, neither of which are an easy task.