‘Super’ El Niño may soon make your coffee super expensive
AI Summary
A potential strong El Niño could worsen pressure on agricultural production and raise coffee prices, as farmers already face high diesel and fertilizer costs. The article warns that climate-driven disruption may add to costs for producers and consumers worldwide.
Agricultural markets around the world are already dealing with record-high diesel prices and high fertilizer costs. A “super” El Niño is almost guaranteed to make matters worse for farmers and consumers.
World Markets Commodities El Niño coffee prices agriculture diesel fertilizer food inflation climate risk