Monday, August 25, 2008
The Economics of Coffee
Coffee has been a staple commodity in cultures across the ages. It was used as a part of religious rites in Africa and Yemen, was a scarce delicacy in wars throughout history, and was once connected to political rebellion in Europe.
In this day and age, the economic importance of coffee is unquestionable. It is a commodity of primary importance to the world. In 2003, it constituted the 6th largest agricultural export. For U.S citizens who drink coffee, the average daily consumption is 3.1 cups. Have you had your java today?
In this day and age, the economic importance of coffee is unquestionable. It is a commodity of primary importance to the world. In 2003, it constituted the 6th largest agricultural export. For U.S citizens who drink coffee, the average daily consumption is 3.1 cups. Have you had your java today?
