Dry weather conditions around the world, likely to be exacerbated by the El Nino weather system, could endanger coffee production and increase the crop’s price according to Business Insider.
Brazil, the world’s largest coffee producer, is currently facing a severe drought which has caused robusta output to decline from 13.04 million bags in the 2014/2015 season to 10.85 million bags in the 2015/2016 season, Business Insider reports.
Robusta bean production in Indonesia could drop to 5.8 million bags next year (compared to 6.7 million bags in 2015) depending on El Nino’s affect on the crops, which could cause a spike in the cost of robusta beans, the source reports.
