There are several reasons that the price of coffee is rising. The price increase has to do with several factors. One of the main factors is climate change. As the climate changes, there is more drought and colder temperatures. The cold and dryness are ruining the coffee crop. In addition, many coffee plants are also in danger of dying out. About 22 percent of the species of coffee plants are threatened with extinction. These are particularly good-quality coffee plants. In addition, the prices for the containers that were used in transporting the coffee beans have increased. This can create scarcity as less coffee is delivered.
Currently, we do not need to cut back on our coffee because there is no shortage yet. However, coffee companies are already preparing for this. Annual reports from Nestlé and Douwe Egberts, for example, show that they are buying far more coffee beans than necessary. They are doing this to anticipate rising prices or possible scarcity.
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