The Future of Coffee: Climate Change & Rising Prices w/ Raihaan Esat, International Coffee Traders - EP217

Economics Explored

Quality coffee will be much more expensive in the future, partly due to climate change, according to International Coffee Traders’ Raihaan Esat. Show host Gene Tunny and co-host Tim Hughes are joined by Raihaan in this episode. They delve into the global coffee market, discussing how Raihaan sources coffee beans from various countries and the factors that affect coffee prices. They also explore the impact of climate change on the coffee market. Take advantage of this deep dive into the fascinating world of coffee.

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What’s covered in EP217

• [00:01:51] The impacts of climate change on the coffee market.
• [00:06:52] Sourcing coffee from farms.
• [00:07:31] Commercialized coffee farming.
• [00:12:51] Farming practices and coffee flavor.
• [00:18:34] Cafe Feminino and empowerment.
• [00:19:23] Coffee cooperative communities.
• [00:26:05] Quality differences in coffee sourcing.
• [00:27:58] Specialty coffee.
• [00:31:28] Antioxidants and coffee benefits.
• [00:35:15] Coffee and sustainability.
• [00:42:03] Coffee production and pricing.
• [00:42:23] Coffee supply chain logistics and financing.
• [00:45:21] Shelf life of green coffee.
• [00:47:13] Coffee demand and market trends worldwide.
• [00:49:45] Emerging coffee markets.
• [00:51:33] Climate change and coffee production.
• [00:56:03] The future of coffee.
• [01:00:07] Exploring coffee variations.

Takeaways

• The biggest problem for coffee roasters is controlling costs and accessing good quality green coffee: the right coffee at the right price. [00:05:57]
• Supply and demand determine the price of coffee at the end of the day. [00:36:42]
• High-quality coffee is going to get more expensive as supply is affected by climate change [00:53:26]
• You should spend some time learning how to craft a nice cup of coffee just like you would learn how to make great pasta or a steak or a dessert. [00:58:59]

Links relevant to the conversation

Coffee Commune and International Coffee Traders:

https://www.coffeecommune.com.au/

https://www.coffeecommune.com.au/international-coffee-traders/

Tim’s new coffee brand Lumo Coffee, “Seriously Healthy Organic Coffee” (Promo code for 20% off the first purchase is EXPLORED20):

https://lumocoffee.com/

Cafe Feminino:

https://www.cafefemenino.com/

Aquiares estate in Costa Rica:

https://www.aquiares.com/

https://www.instagram.com/aquiarescoffee/?hl=en

Arturo’s Adept Economics website article on coffee:

https://adepteconomics.com.au/coffees-economic-contribution-in-australia/