What $1 Per Pound Means :: On Monday, Aug. 20, the New York C price for coffee dropped below $1 per…
What $1 Per Pound Means :: On Monday, Aug. 20, the New York C price for coffee dropped below $1 per pound for the first time since 2006. While the $1 mark is an important psychological marker, the fact is that prices have been unsustainably low for years.
[...] the farmgate price is what the individual farmer earns; the C market instead references the free on board (FOB) price that includes, at a minimum, additional transportation costs. In the case of organized farmers, this also includes the costs associated with running a cooperative that provides quality control, agricultural training, marketing/sales and other services.
Coffee’s Price Collapse: How Did We Get Here and What Can We Do?
Daily Coffee News by Roast magazine provides essential only news and resources for specialty coffee professionals. Daily Coffee News covers coffee news from seed to cup, including stories on coffee origin, imports, exports, logistics, supply chains, sustainability, retail, baristas, roasting and consumer trends.