Shortage of coffee in 2021 might see record prices

Brazil coffee shortage 2021

Some of the most significant coffee-producing regions got less than half of the average amount of rain. Brazil is the world’s largest exporter of coffee. The rainy season in Brazil often occurs during the northern hemisphere’s winter, giving enough water for farmers to irrigate coffee plants and keep them alive for several months. Bloomberg reported this week that Brazil’s rainy season suffered a severe shortage of rain. Some of the most important coffee-producing regions received less than half the typical quantity of rain. As a result, “output of arabica coffee,…

Read More

Why the next viral social media channel is coming from emerging markets

Tiktok, which was created in China, witnessed an increase in the number of users on its app. Silicon Valley, once the origin of the first generation of social media applications such as Facebook and Instagram, is losing its position as the world’s only tech powerhouse. I invited Andy Tian, CEO of Asia Innovations Group, on the EMT podcast to discuss this shift in social media trends and the second generation of social media apps that are coming from emerging markets. The Chinese founded Tiktok saw an explosion of users in…

Read More

US calls Brazil’s Bolsonaro to act in Amazon protection summit

The US government faces a moral dilema if it is to fulfill its electoral pledge to conserve the Amazon rainforest without allowing Jair Bolsonaro, whose government oversaw the rise in deforestation in Brazil, money and political gain.

In his 2019 campaign, Joe Biden vowed to raise USD $20 billion in private and public funds to avoid “losing the Amazon” and warned of “serious economic repercussions.”

Read More