What Makes A Coffee Economics?

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Introduction As is common with students, I often joke that my day hasn’t begun until I’ve had my first cup of coffee. The savoury scent of this black gold warms my bones and lifts my spirits, once I’ve had my dose; I’m ready to take on the day! Until recently, I never considered my impact, as a consumer,on global-trade. As far as I was concerned, my daily Starbucks was merely getting me through the day. However, recent analysis has opened my eyes. It’s taught me that my role as an agent to development is more influential than I originally anticipated.
Coffee Economics It is impossible to overestimate coffee’s global importance. Valued at over $100 billion, it is the second most sought-after commodity. Ponte, an expert on the coffee-trade, maintains that over two billion cups are consumed daily. The majority of consumption occurs in developed countries, whilst 90% of production takes place in developing countries. For many nations, coffee cultivation forms the backbone of their economy, an essential avenue for employment and revenue. In Brazil alone, the industry employs an astounding five million people. Seeing as millions depend on this commodity, I always felt good about buying my daily coffee– I was contributing to the economic enfranchisement of millions! However, recent readings have cast a doubt on my strategy. Over the past years, market volatility has presented a threat to the livelihood of Arabica bean producers. Weakening demand in Europe, North America
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