You had a lot of questions for me, so if I miss any please don't think I'm
ignoring them. I think it is safe for me to say that you know 110% more
than I when it comes coffee beans, process, etc.
My thoughts are that the problems that the coffee producing countries are
having. The emotion of fear of not having enough coffee for sale and
trouble governments will raise prices. This is all my opinion. If you
watch Light Crude or Unleaded Gasoline with the problems with IRAQ. The
rise in price is all emotion. Now back to coffee.
Yes, futures contracts are paying a little more than current. Example the
March 2003 contract KCH3 is approx. 10-13 cents less than the March 2004
contracts KCK4. If the farmer locks in the rate of .75 cents for delevery
on March 2004 and the current price is $1.75 (example). The farmer has to
sell it for .75.
Farmers taught me how this system works. The farmers you know should be
watching the futures market daily, they might be. I would hold back some
beans, the farmers have nothing to lose.
How does this effect homeroasters? The price homeroasters are paying
today could double or triple in the near future.
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