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Coffee holds a significant position as one of the most widely consumed beverages worldwide, with coffee beans serving as the primary agricultural product used in its production. The major coffee-producing countries, notably Brazil, Vietnam, Colombia, and Ethiopia, are key players in the global coffee market. These nations dominate coffee production and boast distinct coffee-growing regions, each known for producing unique coffee bean varieties with diverse flavors and characteristics.
Coffee cultivation is highly dependent on climatic conditions, particularly those found in regions near the equator. The combination of altitude, temperature, and rainfall in these areas provides an ideal environment for coffee plants to thrive. The distinctive characteristics of coffee beans from different origins, often referred to as "single origin" coffees, are a direct result of the unique environmental factors found in each region.
Changes in temperature and rainfall patterns can significantly impact coffee production. Extreme weather events, such as prolonged droughts or heavy rains, can harm coffee plants, leading to reduced yields and fluctuations in coffee prices. Additionally, pests and diseases pose significant risks to coffee cultivation, as outbreaks can cause damage to crop and affect both yields and the overall quality of coffee beans.
Relevant Tools
Excessive Food Price Variability Early Warning System
The Excessive Food Price Variability Early Warning System is a tool of the Food Security Portal that identifies periods of excessive price variability (i.e. price variability that exceeds a pre-established threshold), and it is updated on a daily basis to identify days that are within periods of high, moderate, and low price variability.
COVID-19 Food Price Monitor
The Food Price Monitor provides daily updates of prices in wholesale and retail markets for a wide range of food products. Alerts refer to price changes from the start of social distancing measures taken because of COVID-19 and are based on a pre-COVID-19 reference price.