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2 pages/β‰ˆ550 words
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Style:
APA
Subject:
Business & Marketing
Type:
Research Paper
Language:
English (U.S.)
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Topic:

A Commodity Study: Coffee Cultivation

Research Paper Instructions:

A Commodity Study
Food and agricultural commodities are often strongly tied to place. The topic of this study will serve to examine the evolution and history of some of the most common foods and commodities produced, traded and consumed today.
Please pick a major traded and consumed food commodity and describe its history and transformation over time and throughout the food system. Then provide an analysis of how the commodity has reacted to events over the last five years. You could discuss issues such as production data, consumption changes, imports, exports and government policy.
Assignment expectations: demonstrate your ability to locate information on commodities using appropriate resources (government websites, peer-reviewed articles, other credible websites), and draw some interpretation and understanding of this data. This will enable you to start to get acquainted with concepts such as trade, policy, and production and consumption (via supply and demand info.). It will also set the stage for these topics and enhance your understanding as they come up.
Focus on:
- provide an analysis of how the commodity has reacted to events over the last five years. production data, consumption changes, imports, exports government policy. (most important)
No need to include introduction about coffee.
Try to include some of these economics points:
- The supply curve
- The law of supply
- The law of demand
- Basic determinants of supply
- Basic determinants of demand

Research Paper Sample Content Preview:

A Commodity Study on Coffee
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History and evolution of Coffee
Coffee cultivation and production trace its heritage to numerous coffee forests in Ethiopia. The influence of coffee was discovered by Kaldi who noticed that his goats were so energetic after eating coffee berries. The influence of coffee spread and by the end of the 15th century, there were several coffee plantations in Yemen, Turkey, Syria, and Egypt. In Europe, Coffee arrived in the 17th century and was first gown in Batavia by the Dutch. In America and the Caribbean, Coffee arrived in 1723 after Gabriel de Clieu obtained a coffee seedling from the Royal Botanical Garden in Paris. During the spread of coffee plantations around the world, its drink was a symbol of wealth and Thomas Jefferson termed it “the favorite drink of the civilized world."
Economics of coffee
Among all the commodities that are highly traded across the world, Coffee is only second to crude oil in terms of quantity. In 2019, the purchase of imported coffee was approximately $30.2 billion globally. 19% of this total ($5.8 billion) was purchased by US firms, which made up 1.6% of the country’s GDP (National Coffee Association, n.d). Due to the stability of the coffee economy in the US, the National Coffee Association approximates that ecomic activities related to coffee are responsible for 1, 694, 710 jobs and generates taxes worth $28 billion each year.
Supply and demand of coffee
In 2016, coffee prices reached an all-time high while production decreased. The increase in price was due to the increased consumption of coffee with Americans leading the w...
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