Coffee Prices have been mostly falling for the last few years. After the coffee rust devastation in 2012, many farms had low production until the new plants started fully producing. Today, the struggle is to try and increase prices to a level that will allow farmers to continue growing. Via Roast Magazine:
A consortium of major organizations representing coffee producers throughout the world has issued a sweeping condemnation of the global coffee industry as the “C price” for coffee sits at historic lows.Without immediate action to supply better collective prices to the world’s approximately 25 million smallholder farmers, the coffee industry may likely be contributing to a widespread humanitarian crisis as coffee farmers abandon coffee in favor of illicit crops or migrate in search of better opportunities, the group warned today.Thirteen organizations representing the World Coffee Producers Forum — including Colombia’s FNC, Africa’s AFCA, Latin America’s Promecafe, Brazil’s BSCA and the United States/Europe’s Specialty Coffee Association — have attached their name to a declaration calling for immediate action in response to low coffee prices.The groups are specifically addressing the ICE futures price for commodity coffee — often called the “C Price” — which is widely used as a price discovery and reference tool in the creation of futures contracts for transactions of green coffee. Throughout the coffee sector, the C price serves as a benchmark that affects prices at virtually all levels of the coffee trade.