If the weather conditions do not improve in the coming years, coffee prices may remain high.
Global coffee prices have continued to rise in recent years. The combination of climate shocks, supply-demand imbalances, and financing difficulties is profoundly reshaping the market landscape of the global coffee industry.
This issue of 'Direct to Global International Organizations' had a conversation with Van ú sia Nogueira, Executive Director of the International Coffee Organization (ICO). Nogella stated in an exclusive interview with First Financial that extreme weather has led to reduced production in major global production areas, while market demand, represented by Asia, continues to grow. If weather conditions do not improve in the coming years, coffee prices may remain high. She is highly optimistic about the Chinese market – whether as a consumer market or a production country, China's potential is highly anticipated.