BBC NEWS | Business | Why cheap beans don't make cheap coffee

BBC NEWS | Business | Why cheap beans don't make cheap coffee ()

  „Why have the coffee exporters flooded the market? Coffee producing countries used to control the supply and the price of coffee, in accordance with the International Coffee Agreement. But in 1989, coffee exporting states failed to agree on quotas. This happened partly because countries that never used to produce coffee begun to grow the crop, thus adding to an already mature market.“

http://news.bbc.co.uk/2/hi/business/1307081.stm - Cached

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  „The result of this competition has driven the cost of raw coffee beans to a 30 year low, with growers receiving less than cost price for their beans. Such competition presently benefits the roasters (the main ones being Nestlé, Philip Morris-Kraft, Procter and Gamble and Sara Lee/Douwe Egberts). Nestlé is reported to make 26% profit on its processed coffee (more than most other products on the supermarket shelves). Competition on price is driving people into poverty.“

http://www.bbc.co.uk/dna/ican/a1978752 - Cached

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  „ Why cheap beans don't make cheap coffee “

http://news.bbc.co.uk/2/hi/business/3498712.stm - Cached

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  „Place the beans in a medium bowl and then pour over enough boiled water to cover the beans. Set aside for 2-3 minutes.“

http://www.bbc.co.uk/food/recipes/database/ broadbeanpesto_66002.shtml - Cached

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  „Andrew Enever reports from Bolivia. Coffee production has been a bad business in recent times. A massive increase in world production has hit the price of beans on the New York coffee market, where coffee fell from a 10-year average of around $1.20 per pound to an all-time low of only $0.42 per pound earlier this year. When I went into coffee nobody knew Panama produced anything except Noriega Price Peters, coffee producer However, in the lush tropical Andean valleys, a short, steep descent from Bolivia's capital La Paz, experts from Colombia and Panama are persuading producers to pay greater attention to their plantations.“

http://news.bbc.co.uk/2/hi/business/1937731.stm - Cached

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  „I was amazed to discover that coffee grows as two green beans inside a bright red cherry, the finest coffee is hand-picked by small poor farmer, subject to weather and market fluctuations and can pass through as many as fifty hands on its way to my cup each making a buck on the way, except the farmers. Frenzied trading All Arabica coffee is traded on the coffee, sugar and cocoa exchange in New York where in frenzied trading pits producers, roasters and scalpers shout at the top of their voices and wave their hands frantically trading future contracts of coffee in units of 38,500 pounds without a coffee bean in sight. Now the coffee price has fallen to an all time low. And that is due to Vietnam (of all places) quickly becoming the second largest producer of coffee in the world.“

http://news.bbc.co.uk/hi/english/business/newsid_1505000/ 1505787.stm - Cached


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