#FRANCE: The imminent high price of coffee. Simon Constable, Occitanie.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 2 May 2024
⏱️ 6 minutes
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Summary
#FRANCE: The imminent high price of coffee. Simon Constable, Occitanie.
https://www.forbes.com/sites/simonconstable/2024/04/27/cost-of-coffee-set-to-skyrocket/?sh=589796516810
1919 Normndie
Transcript
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| 0:00.0 | Have you ever felt like escaping to your own desert island? |
| 0:04.0 | Jane Gaskin did exactly that, trading in the family home to begin a new life in the |
| 0:09.1 | tropics. |
| 0:10.1 | But she soon discovers that Paradise has its secrets. |
| 0:13.4 | I'm Alice Levine, and this is the price of Paradise, |
| 0:18.0 | the island dream that ends in kidnap, corruption, and murder. |
| 0:23.0 | Wish you were here. |
| 0:24.0 | Follow the price of France with |
| 0:38.9 | Simon Constable writing for Forbes and Barrenson Wall Street Journal and also making sure the roof doesn't leak too much under a torrent of rain settling on Paradise at the same time. |
| 0:50.0 | Simon is published positive information, although there's a warning here, about coffee. |
| 0:56.0 | Simon, coffee is an American drink, it's a European continental drink. |
| 1:01.0 | To my knowledge, it's made inroads in the United Kingdom but tea is |
| 1:07.2 | preferred your item however in Forbes identifies no matter where you are how how you drink coffee. The prices are going up. Why? What's happened? |
| 1:17.0 | This is absolutely fascinating to me. I mean everything in commodities goes in cycles. |
| 1:22.0 | I had a look on the US Department of Agriculture's |
| 1:24.5 | database to look at the basically the supply demand balanced for coffee across the world and there are basically two big places to look at but I looked at the whole amount and the two big places where they've had problems growing have been Brazil and Vietnam. |
| 1:43.6 | Now different types of coffee tend to be grown in those places, |
| 1:48.4 | but they have both come across the same problem, |
| 1:52.1 | which is viruses, diseases that don't really help with the growing situation and so the crops are lower and new trees have to be grown and the rest of it. |
| 2:04.0 | And then when you take that with reference to what's going on with the supply and demand balance, |
| 2:10.0 | you see something, that means it's near impossible for the price not to go up. |
| 2:15.3 | Now that the record price for coffee was around $3.11 a pound and that was set in March 1977. |
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