Trade in Coffee Flashcards
Where is coffee in the rankings of most traded commodities?
2nd most traded commodity in the world after oil.
How much is the coffee market worth?
Valued at $465.9 billion
What are the 2 different types of coffee?
Arabica and Robusta
Describe Arabica coffee.
Higher quality and more expensive. Mostly grown in South America and Eastern Africa. Accounts for about 70% of the worlds coffee production.
Describe Robusta coffee.
Grown in western Africa and Asia. Cheaper and lower quality.
What is the Bean belt?
The Bean Belt is comprised of the major coffee growing regions of the World tucked between the Tropics of Cancer and Capricorn.
Where is the most coffee grown?
Columbia - 0.7 million tones
Brazil - 3.2 million tones
Vietnam - 1.7 million tones
What conditions does coffee need to grow?
Hot and Wet climates.
This is why it is grown near the equator (Bean Belt)
Where is the most coffee consumed?
EU - 2.7 million tones
US - 1.5 million tones
Brazil - 1.5 million tones
Where are most of the worlds largest coffee consumers located?
In the north of the planet - Russia, Canada and Japan are also major consumers.
Why is Brazil an anomaly when it comes to coffee consumption?
It is one of the only large consumers in the southern hemisphere.
What kind of economies mainly produce coffee?
Coffee is mainly produced in developing and emerging economies near the equator.
What kind of economies mainly consume coffee?
Coffee is shipped to and consumed by a majority of developed countries after production.
