A study published by HSBC in October 2023 forecast that by 2050, the number of regions suitable for coffee cultivation could decrease by up to 50 percent due to climate change. As scientists search for solutions for preserving coffee plants, farmers face another crisis: the deterioration of seed sources, soil quality, and a significant drop in coffee prices.
Coffee was once a fast-growing commodity sector, with global production fluctuating annually due to weather conditions, climate change and other factors, resulting in an unstable market and volatile prices. This price volatility has significant consequences for those dependent on coffee for their livelihood, making it difficult for growers to forecast their income for the upcoming season and plan their production needs.