18 votes

Coffee prices surge to highest since 1997 on supply fears

5 comments

  1. [3]
    DynamoSunshirt
    Link
    One interesting thing to know about coffee production: farming comes in two almost entirely separate flavours: specialty beans, usually grown transparently, sustainably (both ecologically and...

    One interesting thing to know about coffee production: farming comes in two almost entirely separate flavours:

    • specialty beans, usually grown transparently, sustainably (both ecologically and financially), and with great thought put into terroir
    • commodity coffee, which is often completely unsustainable in every sense, abusive to workers, and mixed and matched without regard for taste or style

    Specialty beans don't vary much, because they have a built-in buffer of profit and, y'know, sustainability.

    Commodity beans are what financial trolls speculate on, what Folgers impacts with quarterly reports, and generally get roasted so hard you can't taste the bean anyway. Might as well use chicory.

    So if you go to a nice coffee shop, or rely on an (actually ethical) craft coffee subscription, don't expect to see an impact. Your coffee comes from a supply that is entirely distinct from the commodity market.

    If your craft coffee DOES change in price due to this, find a better craft coffee source! If they use commodity coffee, they likely don't know anything about the farms, farmers, or the bean's terroir. If they don't, they can't roast expertly. Or ethically, since commodity coffee uses almost as many slaves as Amazon. At craft coffee margins, they should do better! There are a lot of great ethical deliver-by-mail roasters in the USA; try one out instead.

    11 votes
    1. [2]
      json
      Link Parent
      Commodity coffee price would set a price floor for any specialty/premium coffee price. I would expect to see some price increases in specialty coffee if and after commodity prices stabilise higher...

      Commodity coffee price would set a price floor for any specialty/premium coffee price.

      I would expect to see some price increases in specialty coffee if and after commodity prices stabilise higher than usual.

      5 votes
      1. CptBluebear
        Link Parent
        Good point, plus there's a trend of serious price gouging for the sake of it so I don't doubt price increases across the board.

        Good point, plus there's a trend of serious price gouging for the sake of it so I don't doubt price increases across the board.

  2. [2]
    Raspcoffee
    Link
    Anyone can give an archive link? Can't get behind the paywall for some reason. In any case, with climate change, I'm expecting it to get worse. Given how the rich countries love their coffee,...

    Anyone can give an archive link? Can't get behind the paywall for some reason.

    In any case, with climate change, I'm expecting it to get worse. Given how the rich countries love their coffee, myself included, maybe some funding to the poorer countries will get there after all to prevent desertification... Of coffee bean farms.

    3 votes