Arabica coffee beans, the most popular coffee bean used worldwide, could reach record-breaking low stocks as a cold wave threatens supplies.
Temperatures have begun to descend in southern Brazil. The coffee and cane areas of Parana are especially vulnerable, with temperatures dropping to about -2 degrees Celsius. The chill will last a few hours, reports CNN.
Brazil's arabica tend to deliver a high-yielding crop every second year. The most recent cold front means next year's crop, meant to be a high-yielding year, will be affected. This area produces almost half of the world's arabica supply.
Due to the low stock forecast, investors are warning of an influx in panic buying that could see the price of these high-end beans increasing by 56%.
Starbucks has confirmed to investors that it currently has 14 months of supplies covered.
With the pandemic already creating havoc with distribution logistics in 2020, coffee drinkers around the world might be paying more for their morning coffee soon.
While economists have said that there's no need to make urgent moves in order to get your hands on current supplies, it might be a good idea for coffee vendors to start planning and stocking up just in case.
Image credit: Pacific Standard