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Global warming in Latin America is more prevalent than ever , giving rise to fungus and it’s threatening coffee growing from Peru to Mexico. According to a recent article in Bloomberg Businessweeek, not only does this affect reduced production in coffee but also growth in consumption:
Growth in the consumption of packaged organic coffee in the U.S. has slowed, according to data from members of the Brattleboro, Vermont-based Organic Trade Association. U.S. sales rose 7 percent last year from 2012 to $349 million, down from 30 percent growth from 2011 to 2012, the association said. The growth rate will continue to decline this year due to the fungus and prices could increase as supplies diminish, it said. Other data show a more-than-fourfold rise in sales of U.S. organic single-serving coffee, the kind sold by Waterbury, Vermont-based Keurig Green Mountain Inc., to $3.58 billion in 2013 from $823 million in 2009, according to StudyLogic, a Cedarhurst, New York-based research company.
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