Analysts predict that extreme weather patterns will continue to influence food prices, particularly through 2025. Prices for cocoa and coffee have skyrocketed, with increases of 163% and 103%, respectively, attributed to unexpected weather events. The UK government's warning about climate change's impact on food prices reaffirmed concerns about food shortages. Other commodities such as sunflower oil, orange juice, butter, and beef also saw considerable price hikes. Experts suggest that diversifying supply chains may mitigate the impact of crop failures.
Extreme weather events are expected to lead to volatile food prices throughout 2025, with significant increases in the costs of cocoa and coffee due to adverse conditions.
Inverto's research found that the rise in food commodity prices, including cocoa and coffee, correlates with unexpected weather patterns and the ongoing trend of climate change.
Collection
[
|
...
]