Why is coffee among the most traded commodity in the world?
Do you know the population of the world? Do you know the total number of people who cannot start their day without a cup of coffee? Do you know how many coffee beans go into one cup of your coffee? Do you how much time does it take to get one perfectly roasted bean of coffee?
Do not both answering all the questions. The answer is A LOT.
Approximately over 2.25 billion cups of coffee are consumed by people all over the world daily. This is just a bare minimum count of an average coffee drinker, it can easily go up. To meet this insatiable need for caffeine, coffee has become one of the most traded commodities in the world.
Coffee falls under the category of soft commodity including orange juice, sugar, cocoa, and fruit. Now, green coffee or roasted coffee falls under the category of both product and a commodity. According to the statistics of MIT’s Observatory of Economic Complexity of 2015, coffee stands to be the world’s 98th most traded product and is highly important for the GDP of many leading countries.
According to the Observatory of Economic Complexity, coffee amounted to a total of $ 30 billion US exports in 2015. Not only is coffee a significant trading commodity all over the world, but it is also prone to changes in market behavior. Many factors go into deciding the coffee production all over the world.
There are countries like Yemen, Ethiopia, Indonesia, Brazil, Vietnam, and Columbia whose major chunk of the economy relies on the coffee trading industry. These magical beans do not just revitalize your energy levels, but also hold a strong pillar of the economy all over the world.
Coffee production makes a significant difference to the lives of millions of people in these countries. The amount of manpower and resources that go into the farm infrastructure, productions, quality check, transportation, and exports is beyond imagination.
Most of the people in these major coffee producing countries rely on the coffee industry for employment opportunities.
Talking about one of the prominent exporters of coffee, Yemen has been in the coffee business since the 14th century from the Red Sea ports of Mocha. After going through years of political instability, coffee trade in Yemen has gone through hardships, but with dedicated farmers and the best quality Haraaz coffee beans, they are determined to behold the reputation of the birthplace of coffee. Agriculture pattern has been revolutionized in every sense in Yemen ever since coffee as discovered. More and more terraced farmland of khat is used to grow coffee.
The whole process of the plantation to maturity to bags of export takes a few seasons, tons of resources, and continuous supervision.
Most of the cultivation process in Yemen is still done manually for the green beans. Starting from sowing the seeds to picking up the ripe red cherries, drying them, aging them, and separating the husks from them are carried out by the farmers. These farmers have been living in a high altitude for all their lives and have been cultivating coffee day and night to give the world the best produce.
The climatic conditions in Haraaz are not always favorable for cultivation. Yemen is supposedly a drought-prone area and small dams are built on the altitude to channel the rain from the mountain tops to these crops.
Even after the multiple hardships faced in growing, the demand for Haraaz coffee beans is touching the sky all over the world, making it the most desired coffee beans worldwide.
A lot of time, money, and efforts go into one cup of hot coffee. With the rising demand for coffee in the world, everybody wants the taste of the world’s finest. No wonder coffee has attained its position of being one of the most traded commodities in the world.
Haraaz has acquired the worldwide market with its diverse, delicious, and unique variety of caramel, vanilla, chocolate, and various aromas of coffee beans.
Soon enough, it will acquire your taste buds too!