El Niño Drives Coffee Production Constraints and Price Hikes in the Philippines
What happened
El Niño is causing production constraints within the coffee sector of the Philippines. The Philippine Coffee Board Inc. notes that lower domestic output and higher shipping costs are weighing on the country’s coffee industry, potentially leading to increased consumer prices for coffee.
From philstar.com
Why it matters
The reduction in local coffee bean output, combined with rising import costs, is putting upward pressure on the market price of Arabica beans in the Philippines. This cost increase is expected to be passed down to consumers.
From philstar.com
Who's involved
- El NiñoClimate driver causing production constraints in the Philippines
- PhilippinesCountry experiencing lower domestic coffee production and rising consumer prices
- ArabicaCoffee bean type whose market prices are affected by supply shortages
- IndonesiaCountry whose imported beans are used to supplement local supply
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PhilippinesSpeculative
Cafés might increase drink prices as the cost of coffee beans rises for suppliers
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The entities involved
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El Niño
Spanish rap artist
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Philippines
archipelagic country in Southeast Asia
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Arabica
Lebanese record label