The world that enjoys coffee needs another Brazil, the world's largest grower and exporter of that grain, if it wants to avoid a shortage of that raw material, writes the New York agency "Bloomberg".
"Growing consumption, especially in developing markets, means that global production will have to increase by an additional 40 to 50 million bags of coffee in the next decade," said the president and general manager of the Italian instant coffee company Illycafe, Andrea Ili. , adding that it is more than the entire crop of Brazil.
When you consider the threat of climate change, as well as low prices that discourage farmers from increasing production, you get a potential problem, and that, according to Bloomberg, is something that farmers, government officials and industry representatives are trying to fight against. choices at this week's Global Coffee Forum in Milan.
"Sooner or later, in the coming months or years, we're going to have to make some serious decisions about what to do. We don't know where this coffee is going to come from," Ili said.
"The world is preparing for a deficit in coffee production of 3,5 million sacks in the 2015/2016 season," according to the Swiss company Volkafe.
Such a deficit, adds the New York agency, comes after a global deficit of 6,4 million tons in the previous year.
Since the beginning of the year, coffee prices have fallen by 27 percent, as the weakening of the Brazilian currency against the dollar has increased the attractiveness of the South American country's exports, according to the New York agency.
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