Economics of Coffee. Why is coffee important to the world economy?
In a nutshell, coffee is one of the most popular beverages in the world. Coffee is also one of the most important commodities. According to research, “90 percent of coffee production takes place in developing countries.” Millions of small coffee producers in these developing countries rely on coffee to make a living.
Where does coffee grow?
Coffee is grown in more than 50 countries around the world; however, most of the coffee is grown along the equator! The top countries where coffee is produced includes:
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Two types of coffee dominate commercial production: Arabica (Coffee Arabica) and Robusta (Coffee Canephora)
World coffee production is split 60% Arabica and 40% Robusta
Did you know? Brazil is the top coffee producing country. Also, Brazil accounts for nearly 40 percent of the overall global coffee supply.