Tuesday, October 19, 2021
Home Middle Column Remember when CO2 was going to cause coffee to go extinct? Now...

Remember when CO2 was going to cause coffee to go extinct? Now global output has exceeded demand for a fourth year, prices are getting “crushed”, and in Brazil “there isn’t enough space to store it all”

-

Remember when CO2 was going to cause coffee to go extinct? Now global output has exceeded demand for a fourth year, prices are getting “crushed”, and in Brazil “there isn’t enough space to store it all”

http://tomnelson.blogspot.com/2013/07/remember-when-co2-was-going-to-cause.html

Coffee Crushed as Slumping Real Spurs Brazil Sales – BloombergWith global output exceeding demand for a fourth year, accelerating sales will drive prices down 11 percent to $1.08 a pound by Dec. 31, according to the median of 18 analyst estimates compiled by Bloomberg.“The lower real will most certainly help exports, making Brazil a much more aggressive seller,” said Rasmus Wolthers, a trader at Wolthers & Associates, a brokerage in Santos, Brazil. “There’s a lot of coffee in Brazil, and there isn’t enough space to store it all, so producers will have to sell. I expect to see much more aggressive sales offers.”…Arabica, the most-consumed coffee, tumbled 61 percent on ICE Futures U.S. in New York since reaching a 14-year high in May 2011

2012:  Coffee Extinction In The Wild, Spurred By Climate Change, Could Occur By 2080, Study SaysTo generate their predictions, the researchers used a computer

- Advertisment -

Related Articles

$5 trillion in 2021 global debt/equity raised (so far), “divest fossil fuels” in full swing, the world running short of natural gas/coal, and winter...

And yet, even with that freedom, I am at a loss to describe the mayhem going on in the energy world. It’s not that...

New court filings illuminate academia’s deep role in climate industry

Guest Post by Chris Horner You may have noticed the media cycle has subtly begun for next week’s House Oversight Committee climate change show-trial,...

Biden EPA sued for illegally stacking science advisory panels

Young v. EPA is a hugely important lawsuit. The law requires that EPA seek scientific advice from an independent and balanced panel of qualified scientists...