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Relationships are about more than just paying a good price for specialty coffee

Perfect Daily Grind

And while these actors can certainly play an important role, their presence in the supply chain can often mean that producers end up receiving a smaller percentage of the final price of each cup of coffee. As part of this, farmers can receive higher prices for their coffee. This is especially important to note.

Pricing 176
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Coffee News Recap, 2 Sep: Ethiopian government reports US $1.4 billion earnings from 2021/22 coffee exports, volumes of sustainably-sourced green coffee increased by 29% in 2021 & other stories

Perfect Daily Grind

The government estimates that revenue from coffee exports could increase further in 2022/23 as coffee prices remain high. Franke aims to expand in the Asia-Pacific market. Westrock Coffee goes public on Nasdaq stock market. UAE roaster Coffee Planet plans to enter UK market. Wed, 31 Aug.

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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. Changes in the foreign exchange market (also known as forex, FX, or currencies market) can affect many people across the coffee supply chain.

Pricing 172
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How do increases in the price of coffee affect co-operatives?

Perfect Daily Grind

From early 2021 through until mid-2022, coffee prices increased steadily – with arabica futures reaching a ten-year high of US 258.95 However, in recent weeks, the global market price of coffee (also known as the C price) has fallen to an 18-month low of US 174.20 cents/lb in February 2022.

Pricing 155
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Restaurants Diversify Cooking Oils and Optimize Operations as Prices Soar

Cheetah

Cooking oil prices reached an all time high this October. Operators are diversifying oil types and supply sources, while adjusting menus and learning how to prolong fry life. . Cooking Oil Prices Triple amidst Global Shortages. The first years of the pandemic came after nearly 6 years of low vegetable and crude oil prices.

Pricing 148
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How to Write the Perfect Restaurant Mission Statement: Guide + Examples

7 Shifts

It articulates what you do for customers, employees, and owners (your goals) and clarifies what you offer a specific market segment (your strategy). They describe what you do for customers, employees, and owners (your goals) and clarify what you offer for a specific market segment (your strategy). The result? If not, “can” it.

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Do specialty coffee consumers actually want to be more connected to farmers?

Perfect Daily Grind

It’s fair to say that many specialty coffee brands base their marketing strategies around the idea that coffee consumers want to be more connected to farmers. You may also like our article on why more producers don’t market their own coffee. It’s an industry that was born from marketing, rather than consumer demand.”