Fungus will increase coffee price | RetailDetail

Fungus will increase coffee price

Fungus will increase coffee price

A fungus has wreaked havoc in Latin America, ruining a large part of the local coffee harvest. One sixth of all coffee originates in this region, which means that a failed harvest may lead to an uncontrollable rise of the price of coffee.

State of emergency in Central America

The plague, discovered several decades ago, has never spread this fast, devastating the Caribbean and Central America last year. Guatemala, following Costa Rica and Honduras in declaring a state of emergency, considers forty percent of the harvest to be lost. Peru estimates 25 percent to be lost, with Mexico at ten percent. 

 

Arabica coffee, the most desired coffee in the world, is particularly susceptible to the fungus known as coffee rust, which manifests itself as yellow-orange spots on the plant’s leaves, causing the beans to drop prematurely, shrivelling up the stem. This results in a plant worthless for production purposes. The plague now endangers the income of some 300,000 coffee bean farmers. 

 

Its impact on the coffee price currently remains limited as for the third consecutive year the sector expects a record harvest, mainly because Brazil is increasing its production. Possible price hikes are expected later, especially if the fungus reaches Brazilian coffee bean farmers.

Questions or comments? Please feel free to contact the editors


Suitsupply suffers losses because of expansion

15/05/2018

Dutch Suitsupply has experienced a decent turnover growth last year, but its net result tumbled below zero because of its huge investments. Nevertheless, that is the only way forward according to its founder, whose focus is still fixed on the United States.

Starting this Friday, Belgium has its own national e-commerce event

15/05/2018

Move over, Black Friday! This week, Belgium launches its own national e-commerce event as Jack & Jones, Kiabi, La Redoute, Sarenza, Tape à l'Oeil and Veritas organise the first Belgian Friday.

H&M is turning to algorithms to boost sales again

14/05/2018

In an effort to reverse the decline in its worldwide sales, H&M is using technology that will help the world’s largest clothing brand stock its stores more efficiently, sell more effectively and adapt more quickly to current consumer trends.

Zalando's profit wiped away in first quarter

08/05/2018

German online retailer Zalando saw its first quarter profit completely wiped away: last year's 5.1 million euro net profit turned into a 15 million euro loss. Turnover grew 22 %, investments being the cause for both.

Strong online growth for Hugo Boss

03/05/2018

German fashion brand Hugo Boss managed growth in every region in the first quarter. Group turnover grew 5 % to 650 million euro, partially thanks to strong web shop sales.

France will impose recycling for unsold clothing in 2019

02/05/2018

The French government plans to impose a ban on the disposal or destruction of unsold clothing by fashion companies. The measure extends the rules already in place for food waste to the spillage of clothing.