anenefan
a day ago
I think those who surf the web and really like their coffee knew last year wholesale prices for coffee were on the way up. [1] [2] Speculation was something that was bound to happen.
The futures market is supposed to offer product stability / availability but from what I've seen of it, more often it leads to the demise of farmers if they are on contract to a large trading body or conglomerate which likely can still profit at far lower margins.
[1] https://www.gcrmag.com/reality-hit-brazils-coffee-industry-s... (31st Oct 2024)
[2] https://coffeetalk.com/daily-dose/top-news/09-2024/104672/ (Coffee Prices on the Boil as Natural Disasters Decimate Crops - 23rd Sept 2024)