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Coffee Sector Full Of Beans Despite Pandemic

Coffee Sector Full Of Beans Despite Pandemic
By Lina VANEGAS
02/16/21 AT 3:20 PM
As cafes and office canteens shuttered worldwide due to the coronavirus pandemic, coffee growers feared 2020 would be a bitter year for business.
But the sector was saved from ruin by a blend of rising home consumption, good prices, and better-than-expected production yields in some countries.
Synonymous with social interactions from business meetings to first dates, coffee too has been confined to the home for much of the last year, as millions of people worked from houses and apartments, still needing their caffeine fix.
As people became their own domestic baristas, supermarket sales partly made up for revenue lost to takeaway and sit-down coffees, with overall global sales falling by a less-than-expected 2.4 percent. ....

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A Coffee Shortage Might Be Coming Due To COVID-19 And Starbucks Price Fixing

According to the
BBC, coffee farmers working in South America have sounded the alarm that workers fearing for their safety amidst surging infection rates have decided against participating in the coffee harvest. The situation has only been compounded by the fact that beans are fetching lower-than-average payments thanks to the dual titans of Starbucks and Nestle keeping coffee rates at all time lows.
If we cannot get more workers we could lose some of our crop. The beans will fall and rot on the ground, lamented Ángel García, a farm manager of the Santa Isabel estate in Colombia. ....

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