Coffee Economics the Role of Coffee in Economic Development

Coffee Economics: The Role of Coffee in Economic Development Contents INTRODUCTION Purpose of Report Scope of report Definitions Background International Coffee Trade Price Stabilization in the Coffee Economy The International Coffee Organization International Coffee Agreements Labor Technology in Coffee Production Summary Conclusions References Figures Tables Figure 1. Map of production r: cultivation of Coffea Robusta, m: cultivation of Coffea Robusta and Coffea Arabica., a: cultivation of Coffea Arabica. Figure 2. Green coffee bean cash and future price from 1995 - 2005 Source: Leibtag et al., 2007, p. 2 Table 1. Coffee†¦show more content†¦(Source: Wikipedia 2008) International Coffee Trade â€Å"Coffee price and coffee-price terminology change along the market chain. The price that a consumer faces at a supermarket or other food retailer is termed the ‘retail price,’ the price charged by coffee manufacturers to retailers and wholesalers is the ‘manufacturer price,’ and the price of green coffee beans on commodity exchanges is the ‘commodity price’ or ‘commodity cost’.† (Leibtag et al., 2007, p. 1) Although this report deals primarily with commodity prices, it is important to note the large number of transactions that take place from grower to the final retail market. Historically, the commodity price of coffee has been extremely volatile due to both supply shocks (like poor crops, bumper crops, and new competition) and demand shocks (like changes in consumer tastes, and consumer unease regarding the health effects of coffee consumption). Figure 2 shows a clear example of the volatility of the commodity prices for coffee over a ten-year period. Figure 2 â€Å"also shows the behavior of coffee futures prices over the last 10 years from the [New York Board of Trade] NYBOT. Coffee futures indicate the expectations of market participants.† (Leibtag et al., 2007, p. 3) [pic] Figure 2. Green coffee bean cash and future price from 1995 - 2005 The futures prices in figure [2] are for prices 13 months in advance. Source: Leibtag et al., 2007, p. 2 PriceShow MoreRelatedDescribe the different roles in a business buying center. Then outline which individuals might play those roles in the process of buying food for a school cafeteria.1672 Words   |  7 PagesA.Describe the different roles in a business buying center. Then outline which individuals might play those roles in the process of buying food for a school cafeteria. Buying centers have numerous of roles of participation in the purchasing decision process. There are users who are the people who actually use the goods and services. 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