The Rise of the Coffee Futures Price: What Happened?
Photo taken by Anna Song In the past month, the coffee C Price has experienced a dramatic increase from over $2/lb to over $3/lb. The current C price of over $3/lb has reached a historical high over the past 13 years. What is the C Price and what happened with this dramatic increase? The C Price and Its History Coffee is a global commodity and is the most traded good in the world. Brazil has been one of the largest producing countries of coffee and Vietnam’s exports have also been rising since the late 20th century. Some other main producing…