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Coffee prices 1973–2022. According to the Composite Index of the London-based coffee export country group International Coffee Organization the monthly coffee price averages in international trade had been well above 1000 US cent/lb during the 1920s and 1980s, but then declined during the late 1990s reaching a minimum in September 2001 of just 417 US cent per lb and stayed low until 2004.
Coffee is one of the most popular drinks globally.
The following list of countries by coffee production catalogues sovereign states that have conducive climate and infrastructure to foster the production of coffee beans. [1] Many of these countries maintain substantial supply-chain relations with the world's largest coffeehouse chains and enterprises. [ 2 ]
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According to the California Department of Food and Agriculture, "California agriculture is a $42.6 billion dollar industry that generates at least $100 billion in related economic activity." [ 37 ] The state's agricultural sales first exceeded $30 billion in 2004, [ 33 ] making it more than twice the size of any other state's agriculture industry.
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These chains frequently engage in coffee wars to gain brand and consumer market share. Starbucks, Dunkin', and Tim Hortons are the three largest coffee companies in the world, respectively. [1] [2] The largest coffee houses typically have substantial supply-chain relations with the world's major coffee-producing countries. [3]