Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

Starbucks prices will likely go up in the near future due to a devastating reality

Published by Business Insider on Tue, 10 May 2016


If temperatures warm at expected rates, 80%of land in parts of Brazil and Central America currently used to grow the most popular type of coffee, Arabica, will become unsuitable to the crop by 2050, according to research by the International Center for Tropical Agriculture.Globally a 50%decline is predicted over the same period.The most likely outcome would be a drop in quantity and a rise in prices.In addition to devastating farming communities dependent on the crop, coffee buyers could very well be forced to build a new roster of bean suppliers and establish new supply routes, an expensive and complicated shift.Your supply of coffee as you know it is definitely at risk, says Bambi Semroc, who works on coffee and climate change issues at the Center for Environmental Leadership in Business at Conservation International.This is why one of the companies most worried about climate change is Starbucks, which is the largest seller of coffee worldwide. Starbucks has responded both by working with farmers to improve their ability to grow coffee in a warming climate and by trying to reduce the companys own environmental impact. The farming efforts are progressing but are far from a broad fix. The attempts to reduce Starbuckss overall greenhouse gas emissions have run into even more trouble.For over a decade, the company has cultivated a network of farmers around the world who grow their beans under a set of standards that include using shade and tree conservation to protect crops, and managing risks from pests and disease spurred by changes in the climate. Today 99% of its coffee, more than 400 million pounds each year, complies with those standards, the company reports.In 2013 Starbucks even bought its own coffee farm in Costa Rica and turned it into a laboratory for testing coffee-growing practices and developing plants that can thrive in warmer temperatures.Coffees growing region stretches like a belt around the equator, through more than 50 countries including Vietnam, Indonesia, Brazil, and Tanzania. Rising average temperatures in many of these countries have already begun to shrink coffee farmers yields. Leaf rust and other damaging diseases have also come to coffee farms that didnt suffer from them historically as their climates have shifted, severely damaging crops.Some of the coffee experimentation may be bearing fruit, though not yet at the large scale Starbucks would need. In an early experiment, in 2014, the company sold a small batchonly 170 bagsof a coffee varietal it developed with a Costa Rica cooperative that is more resistant to fungal infestation, but is also slower-growing and lower-yielding.That same year, after the farmers in Chiapas, Mexico, lost 60% of their coffee production to leaf rust following increasing temperature and rain, Starbucks Mexico began to distribute coffee plants bred to be rust-resistant in the area. By the end of next year Starbucks will have donated 20 million of the seedlings to farmers affected by the fungus. Itopenly shares its formula for breeding the plants.The company is also hoping that by offering financial support and advice to farmers on how they can increase their productivity by better pruning their existing trees or replacing ones, they can help them succeed in a more difficult environment.Reducing its own carbon emissions seems to have been even more challenging. In 2008 the company set an ambitious goal of reducing its energy useby 25% in its company-owned stores, but after some early success, emissions began to increase in recent years, rising from just over one million metric tons in 2012 to 1,258,092 metric tons in 2014, mainly from energy used in its stores, offices, and roasting plants.One reason is the companys decision to add heated food to the menu. This requires more refrigeration and ovens, and more energy. Though it has hampered Starbucks's long-term environmental goals, the company says it is working on improving oven efficiency, and investors love the strategy, which has helped profits increase substantially.UP NEXT:I went to the source of the world's best coffee ' and saw firsthand why the industry is in troubleMORE:The science behind why pod coffee tastes so badJoin the conversation about this storyNOW WATCH: Here's what the maximum amount of caffeine you should be drinking in a day looks like
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs