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That's the closest I could find in the article as to a reason. It'd be nice to know if it was just a bad year or if this is going to be a permanent challenge going forward due to climate change or some other factors.
Coffee is quite sensitive to environmental factors and only grows in certain specific regions as a result. Those factors are being upended by climate change. Coffee is going to very rapidly become a luxury product.
Billionaires don't care. Twenty dollars or two dollars for a cup is effectively the same price to them; insignificant. It's the rest of us that get fucked.
How, exactly?
It's my understanding that coffee does best in warm climates. Shouldn't global warming, at the very least, change where we grow coffee as opposed to just removing the areas we can grow it in?
It's not quite as simple as that and there are other growing conditions that are required. If we take Arabica, it requires a very small window temperature window, sunlight but not so much it scorches the plant, a particular pH of soil, and consistent rainfall.
Climate change brings unpredictability to growing conditions so even if you had to move where you grow it, it won't necessarily mean it'll grow well. Plus different locations can bring on new diseases for the (coffee has its fair share of diseases to combat with) and so new varitals would need to be selected which is no simple task.
As the article points out, coffee is notorious for being fussy when growing it.