bbc.com
Record Coffee Prices: Extreme Weather Drives Global Price Surge
Global Arabica coffee prices reached a record high of \$3.44 per pound on December 10th, 2024, driven by reduced harvests in Brazil and Vietnam due to extreme weather, leading major coffee brands to plan price increases in 2025.
- What is the immediate impact of record-high global Arabica coffee prices on consumers?
- Global Arabica coffee prices hit a record high of \$3.44 per pound on December 10th, 2024, up over 80% this year, due to reduced harvests in Brazil and Vietnam caused by extreme weather. This price surge is expected to lead to increased coffee prices for consumers in 2025.
- What are the potential long-term consequences of this price increase for the coffee industry and consumers?
- Major coffee brands like JDE Peet's, Nestlé, and Lavazza are planning price increases in 2025 to offset the rising costs of raw materials. The impact will likely be felt globally, affecting consumers' purchasing power and potentially impacting the coffee industry's structure and market dynamics. Nestlé has also indicated adjustments to packaging sizes.
- How are adverse weather conditions in major coffee-producing countries contributing to the current price surge?
- The record coffee prices are a result of adverse weather conditions in Brazil and Vietnam, the world's two largest coffee producers. Brazil experienced its worst drought in 70 years followed by heavy rains, while Vietnam faced both drought and heavy rains, impacting both Arabica and Robusta coffee production. This supply shortage, coupled with sustained high demand, is driving prices up.
Cognitive Concepts
Framing Bias
The headline and opening sentences immediately emphasize the impact on consumers ("Giá tăng kỷ lục, dân ghiền cà phê phải móc thêm hầu bao"). This framing prioritizes the consumer perspective and potentially overshadows other important aspects of the story, such as the challenges faced by farmers or the complexities of the global coffee market. The article uses strong emotional language such as "móc thêm hầu bao" which appeals to reader's sympathy.
Language Bias
The article uses emotionally charged language, such as "ghiền cà phê" (coffee addict), which could be interpreted as sensationalizing the situation. The phrase "canh bạc" (gamble) is also used to describe the challenges faced by businesses, adding a subjective tone. More neutral alternatives could include phrases like "regular coffee drinkers" instead of "ghiền cà phê" and "uncertain business conditions" instead of "canh bạc".
Bias by Omission
The article focuses heavily on the impact of price increases on consumers and businesses, but provides limited information on potential solutions or government interventions to mitigate the crisis. There is no mention of alternative coffee sources or sustainable farming practices that could help alleviate the supply issues. While the article acknowledges the role of climate change, it doesn't explore policy responses or international collaborations to address the challenges.
False Dichotomy
The article presents a somewhat simplified view of the situation by focusing primarily on the conflict between consumers facing price increases and businesses struggling with supply chain issues. It doesn't delve into the complexities of global trade, international agreements, or the role of speculative trading in driving up prices.
Sustainable Development Goals
The article highlights a significant increase in coffee prices due to adverse weather conditions affecting major coffee-producing countries. This price surge threatens food security, especially for vulnerable populations who rely on coffee as a staple food or income source. Reduced coffee availability and affordability could lead to malnutrition and increased food insecurity.