Coffee auctions have changed for the long term
Since they proliferated in the late 1990s, auctions have helped transform the coffee industry. These platforms facilitate the global exchange of quality lots, connect producers with buyers from all over the world, and facilitate price discovery mechanisms for different origins. As such, they have democratised green coffee trade and redefined perceptions of quality.
Over the last decade, as the coffee industry has become more globalised, there has been a fundamental shift in the green coffee a… read more