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How does foreign exchange affect the price of coffee?

Perfect Daily Grind

For the most part, both the price of arabica and robusta rely on futures contracts. These are legal agreements to buy or sell a particular commodity at a predetermined price on a set date. Fluctuations in the market can influence prices paid by roasters and consumers and prices paid to farmers, as well as their production costs.

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Coffee News Recap, 22 Jul: Brazil arabica prices highest since 1997, Colombian coffee production down 10% in June & other stories

Perfect Daily Grind

Brazil’s arabica prices highest since 1997/98 crop year. Arabica prices reached BRL 1,325.65 (around US $241.07) per 60kg bag for the 2021/22 season – representing more than a 65% price increase per bag compared to the previous crop season. US cents/lb earlier this month, while robusta prices rose by 3.6%

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Coffee News Recap, 8 Apr: Coffee prices fall after increasing in 17 consecutive months, ICO drafts new International Coffee Agreement & other stories

Perfect Daily Grind

Fairtrade International announces new Living Income Reference Price for Indonesian coffee producers. The Living Income Reference Price is offered as guidance for companies wanting to pay living wage incomes in their supply chains. Fairtrade launched its first Living Income Reference Price in 2021 for Colombian farmers.

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How much do competition coffees cost?

Perfect Daily Grind

Sourcing coffee for the World Coffee Championships is a lengthy process in itself, but another pertinent question remains: how much do competition coffees cost? You may also like our article on how competitors source coffee for the World Barista Championship. How do WCC competitors source their coffees?

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Can coffee production become more important for Togo?

Perfect Daily Grind

Like many other West African countries, Togo’s economy is significantly dependent on agriculture – with coffee, cotton, and cocoa being the major cash crops. However, after the formation of the Togo Office of Agricultural Products (OPAT) in 1964, the Togolese government started to oversee and manage production.

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Coffee News Recap, 10 Jun: Arabica prices hit 3-month high after drought predicted in Brazil, Pergamino to host Barista Jam at PRF Colombia & other stories

Perfect Daily Grind

Peet’s Coffee achieves 100% responsibly sourced coffee certification. The five-week course explores how climate-induced displacement is affecting vulnerable communities in agriculture-dependent countries – including those growing coffee. Robusta prices drop as Brazil continues 2022/23 harvest. Here are this week’s stories.

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What Food Supply Chain News Means to You and Your Restaurant

Cheetah

We are the only distributor with transparent prices. By showing our prices publicly on our app, every customer pays the same price. This is the best way to stay informed on upcoming food and agriculture trends and challenges related to produce, proteins, grocery and more. Can’t Find What You’re Looking For?