Coffee prices have surged 300% over two years and are expected to continue rising due to climate issues affecting key producers, financial speculation, trade blockages, and tariffs in the U.S. Additionally, new EU regulations may increase costs. Major Italian coffee companies are likely to raise prices further to cope with margin erosion.
Chatting with Chat-GPT4 on EVOO frauds
The article presents a chat with an AI discussing food fraud in the extra virgin olive oil industry. It highlights prevalent types of fraud, sources of data, and predictions based on current market prices. The AI provides a graph of price trends but initially misrepresents the percentage increases in prices, later rectifying the error. The chat reveals the AI's capability and limitations in offering insights on industry trends and practices.
