Coffee prices predicted to rise again

Coffee prices will rise due to rising costs due to climate change. An increase in the price of the popular drink was predicted in The Telegraph, citing reports from the British coffee chain Costa Coffee.

Philippe Chaillet, the chain's chief executive, warned of a possible rise in coffee prices as climate change threatens to increase costs.

Brazil, the world's largest coffee producer, has been particularly hard hit by the recent drought. As a result, inventories of Arabica coffee beans in warehouses have fallen to their lowest levels in 26 years. In its latest reports, Costa said it was facing high wholesale prices and warned that climate change could cut supplies of the grain it needs.