Politics / Colombia
Policy and political decisions with potential market and society impact. Topic: Colombia. Updated briefs and structured summaries from curated sources.
Coffee's Journey: From Commodity To Specialty
Full timeline
0.0–300.0
The lack of effective trading tools for specialty coffee led to a need for change, enabling farmers to earn significantly more than fair trade prices.
- Coffee was traded as a commodity around the world
- Filling containers, ships, and contracts can be traded on the stock exchange
- Coffee has a lot of variety and does not have just one description
- Roasters and producers lost knowledge on how to trade special products
- There were no tools or software to trade special products effectively
- Everything was optimized for commodity trading
- A change was required to deliver more money to the farmers
- Farmers could earn three to four times more than fair trade at the time