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World coffee shortage expected in 2007-08


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Running out of coffee?

Analysts: World coffee shortage expected in 2007-08

LONDON -- A world coffee shortage is looming two years from now as yields from Brazilian trees dwindle and a global surplus in 2006-07 will fail to replenish stockpiles in producer countries, predicts commodity analysts F.O. Licht.

"In 2007-08, stocks could be at a critically low level," F.O. Licht managing director Helmut Ahlfeld said Thursday.

Costs have risen for producers in Brazil, the world's biggest grower and exporter of coffee, while the country's strengthening currency has hurt earnings.

Yields from Brazilian trees will naturally fall in 2007-08 after a big harvest the previous year. Abundant coffee crops are typically followed by smaller ones as the trees require about one year to recover.

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Oh lord :doh:

This year the crisis was an extra buck for gas. Two years from now, it'll be an extra 25 cents for a cup of coffee. Hmmmm, this lack of coffee bean production sounds like it may have some sort of ties to terrorism. We must invade Brazil immediately and burn those terrorist-sympathizing trees to the ground!

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  • 2 years later...


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