Get used to surging food prices: Extreme weather is here to stay
Story Date: 8/16/2021

 

Source: Matt Egan, CNN, 8/13/21

Devastating heat. Debilitating droughts. Crippling frost. Extreme weather is creating nightmares for farmers around the world -- and making food more expensive for Americans. Arabica coffee futures have almost doubled over the past year to seven-year highs as Brazil grapples with frost conditions that have wiped out crops. Retail coffee prices will likely follow suit.

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