coffee commodities project andrew and christopher
DESCRIPTION
Coffee Commodities ProjectTRANSCRIPT
By Andrew Goodwin and Chris Sta. Romana
• Coffee production originated in Africa
• Spread along the belt between the Tropics of Cancer and Capricorn
Top eight coffee producers:Brazil
ColumbiaIndonesiaVietnamMexicoEthiopia
IndiaGuatemala
Coffee is harvested by farmers through the methods of:
Selective Picking – picking ripe coffee cherries by hand
Stripping – stripping trees of all coffee cherries
Mechanical harvesting – using a harvesting machine
The two types of coffee exchange:
Money exchange
&
Futures exchange
Futures are bought and sold at the New York Coffee
Exchange
International Coffee Agreement
Future/Past agreements
Demand & Supply fluctuations
Economic Models
Decrease of supply Higher Prices
Increase of supply Lower Prices
War Natural Disasters
Agreements
Government Intervention
International Coffee Organization Established in 1963 Since then has created seven International Coffee
Agreements in: 1962 1968 1976 1983 1994 2001 2007
Rising Prices
Surplus
"About ICO." International Coffee Organization (2007) 31 Oct 2008 <http://www.ico.org/history.asp>.
"Coffee speculators smell a deal as price of beans go up." The News Tribune. 5 Mar. 2008. 31 Oct. 2008 <http://www.thenewstribune.com/business/story/300871.html>.
"Coffee Trade: New York Coffee Exchange." Market (2006) 31 Oct 2008 <http://www.coffeeresearch.org/market/coffeemarket.htm>.
Egberts, Douwe. "The World Coffee Trade." Inside Coffee Trade (2003) 29 Oct 2008 <http://www.hollandbymail.com/coffee/coffee_trade.html>.
Harford, Tim. "The Economics of The Price of Coffee." Economic Essays. 31 Oct. 2008 <http://www.economicshelp.org/2007/03/economics-of-price-of-coffee.html>.
"Harvesting Coffee Beans." Agriculture (2006) 29 Oct 2008<http://www.coffeeresearch.org/agriculture/harvesting.htm>.
"International Coffee Organization - History." Interational Coffee Organization. 29 Oct. 2008 <http://www.ico.org/history.asp>.
"Major Coffee Producers." National Geographic (1999) 29 Oct 2008 <http://www.nationalgeographic.com/coffee/ax/frame.html>.
Richardson, Paul. "Speculator buying may push coffee beyond fundamental levels: analysts." The China Post. 18 Feb. 2008. 29 Oct. 2008 <http://www.chinapost.com.tw/business/africa/2008/02/18/143349/speculator-buying.htm>.