Coffee Production and Prices
Coffee prices - both spot and futures - have fluctuated widely in the past year. The spot price for mild Colombian Arabica doubled between May 1996 and May 1997, and the other prices rose by more than 50%. Most analysts attributed this volatility to production uncertainty, even though total production was expected to increase. (World demand was also expected to rise.)
Suggested citation: “Coffee Production and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-09, pp. 07, 09.01.1997.