As a lover of coffee and finance; coffee futures, present the perfect intersection for me. The history of coffee trading has roots in global trade spanning a bevy of continents. From Africa to Asia, the trade has shaped nations and the living habits of people. Prices in coffee have grown considerably from 2005 through present times.
In 2005, prices of coffee products began to increase because of growing use in Russia and China and partially because of weaker harvests, which fell by as much as 10 to 20 percent compared to previous years.
Per the Composite Index of the coffee exporter-nations’ group, the International Coffee Organization in London, the monthly average of coffee bean prices in international market exceeded over 100 US cent per pound in the 1970s and 1980s, but then fell in the late 1990s to its lowest level in September 2001 at just 41.17 US cent per pound and remained so until 2004.