Coffee prices could rise 50%

Coffee prices to final consumers could rise to 50% this year because of the dry weather that affected Brazil, the world's largest producer.
This alert is advanced by the Portuguese company brokerage Golden Broker, marking the month of January as the "hottest in 20 years" in Brazil.
The broker notes that climate change has had repercussions in reducing crop forecasts, leading to an increase in coffee prices in the international market for a maximum of 16 months, "an increase of over 50% in just two months."
João Pinto, from Golden Broker estimates that this situation "could have a significant impact on national trade coffee and, in particular, to the final consumer."
Interesting to remember that coffee consumption is a habit rooted among the national population. About 80% of Portuguese drink coffee every day, an average of 2.2 cups/day for a total consumption of 4.1kg/capita, far below the Nordic countries, which consume, for example, 10 kg per year.
Doing the calculation, an increase of 50% may represent an increase of more than 30 cents in the price of a coffee, based on the average price of 65 cents. To this extent, a coffee may eventually cost 90 cents.
Source: Hostel Vending Portugal