Coffee Producers Warn Low Prices Will Destroy The Coffee Industry

Sept. 17, 2018

Coffee producers from around the globe are asking for help dealing with the low coffee prices, which have decreased to a 12-year low, reports Reuters. The World Coffee Producers' Forum met with major coffee customers, such as Nestle, Jacobs Douwe Egberts and Starbucks asking for assistance in the "price crisis." Roberto Velez, chief executive officer at the Colombian Coffee Growers Federation is quoted as saying, "It is today a desperate moment for the 25 million coffee growers around the world...this is a situation that cannot be maintained if we want the coffee industry to survive."

What some farmers are being paid for coffee is lower than what they were getting 30 years ago. This is leading to coffee farms being abandoned and many operating at a loss, explains the article.