Coffee market doubles, as do woes
Monday, May 20, 2019
The value of the global coffee industry has almost doubled in the past decade to $90 billion, according to Euromonitor.
But, despite fears that climate change could reduce supply in the medium to long term, a combination of better than expected harvests with more efficient producers and currency markets has conspired to keep wholesale prices low, and there is a massive oversupply in the market, the Financial Times reports.