Coffee Facts: Coffee is the World 2nd Largest Traded Commodity

Posted by on February 17, 2015 in Articles & Stories, News & Events

Coffee Facts: Coffee is the World 2nd Largest Traded Commodity

Did you know? Yes, it’s true. If you haven’t heard the news, coffee is the second largest traded commodity, surpassed only by… you guessed it, petroleum… OIL! That makes coffee the world’s second largest traded commodity. There are approximately 25 million farmers and coffee workers in over 50 countries involved in producing coffee around the world. Coffee was traditionally developed as a colonial cash crop, planted by serfs or wage laborers in tropical climates on large plantations of landowners for sale in colonial countries. Coffee producers, like most agricultural workers around the world, are kept in a cycle of poverty and debt by the current global economy designed to exploit cheap labor and keep consumer prices low. An estimated 11 million hectares of the world’s farmland are dedicated to coffee cultivation. The largest producer and exporter is Brazil, followed by Colombia, Vietnam, Indonesia, and Mexico. Around the globe, the annual consumption of coffee has expanded to 12 billion pounds.

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