Andrew Henry on Nostr: ` The rising price of coffee comes as other soft commodities surge. Cocoa futures ...
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The rising price of coffee comes as other soft commodities surge. Cocoa futures surpassed a record $10,000 per ton at the end of last month, and are nearly four times higher than a year ago.
This is becoming the new normal as climate change impacts crop production. “Things are just a lot more volatile,” said Haines. “The weather has gotten a lot more volatile and there’s a lot more extreme [weather] events.”
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https://www.ft.com/content/ba65e510-941e-4cdc-ba60-52b4b4c8d0a0
The rising price of coffee comes as other soft commodities surge. Cocoa futures surpassed a record $10,000 per ton at the end of last month, and are nearly four times higher than a year ago.
This is becoming the new normal as climate change impacts crop production. “Things are just a lot more volatile,” said Haines. “The weather has gotten a lot more volatile and there’s a lot more extreme [weather] events.”
'
https://www.ft.com/content/ba65e510-941e-4cdc-ba60-52b4b4c8d0a0