article thumbnail

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.

Pricing 172
article thumbnail

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. The event includes seminars and workshops, as well as the Latte Art World Championship and the US Cold Brew Championship. For a second consecutive year, coffee was the country’s highest export earner.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Coffee News Recap, 9 Dec: Jibbi Little wins 2022 World AeroPress Championship, EU agrees to ban coffee and other imports linked to deforestation & other stories

Perfect Daily Grind

NOLA Coffee Festival celebrates the city’s famous coffee culture, and will include an exhibition, speaker sessions, and workshops. Price of coffee dropped by 12.3% The total price paid for 363.76lbs of the highest-scoring coffee (a washed Gesha from La Bola) was US $27,282. Tue, 6 Dec. billion by 2027, growing by 7.6%

2022 156
article thumbnail

Coffee News Recap, 12 May: World AeroPress Championship 2023 will take place in Melbourne, Oatly appoints new CEO & other stories

Perfect Daily Grind

Canada’s flagship three-day coffee event includes the Lab and Sensory Experience workshops, as well as Latte Art Live. Last year, the UK B Corp says it paid US $3 million above C market price for all coffees sourced, and reduced its carbon emissions throughout the year by 23 tonnes.

2023 134
article thumbnail

Coffee News Recap, 5 May: WAC confirms more national competition hosts, Vietnamese robusta production set to fall to four-year low & other stories

Perfect Daily Grind

The report highlights the company’s key environmental and social sustainability activities from last year, including increasing global purchases of certified and verified responsibly-sourced coffee by 9% – amounting to an increase of over 19.5 ICO Composite price reaches highest level since September 2022. million lbs.

2023 140
article thumbnail

Why Culinary Programs Fail

Culinary Cues

Programs need to either find ways to stabilize enrollment or come up with some other source of funding to support their efforts. Every product that a student handles in class should carry a price tag. Yes, even faculty members need to continue to engage in the learning process. You can’t teach what you don’t know.

Education 542
article thumbnail

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. Robusta prices drop as Brazil continues 2022/23 harvest. Between 29 April and 31 May, robusta prices dropped by 10.57% to BRL 708.25 Arabica prices hit three-month high following on from Brazil’s drought concerns. Mon, 6 Jun. Tue, 7 Jun.

Pricing 126