Most important commodities in global market

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Reference no: EM133932036

Question

Coffee is one of the most important commodities in the global market. Even small fluctuations in the price of coffee on the market can have a devastating effect on small farmers throughout coffee-producing regions of Africa and Latin America. This selection follows the effects of the global market on small farmers and how consumers are insulated from those effects. Submit your answers to the questions below.

1. How does the global coffee market link producers and consumers?

2. How much do you spend on coffee per day? Per week? Per month? How much of that do you think is going back to the producers of that coffee?

3. At the height of the crisis in the 1990s, producers earned 40 cents for the same pound of coffee that sold for 60 dollars in coffee shops in the United States. Do you think that is fair? What role does "fairness" play in the global economy?

4. Four global companies control nearly half of the world's coffee market. How does that affect prices on the global market? How does it affect small farmers in coffee-producing regions?

Reference no: EM133932036

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