Impact

Let's put that in the human terms...

The current coffee crisis began in the summer of 2001 and has steadily worsened over the past 4 years. When the world coffee market prices fell from a high of $1.40 U.S. per pound in 1999 to a low of just 45 cents per pound in the summer of 2001, the impact of this rapid price decline was felt worldwide. Many farmers reported receiving a meagre 15 -20 cents per pound from local middlemen for what they have harvested. The ensuing impact on coffee-growing communities in the developing world has been disastrous. The collapse of coffee prices has resulted in shocking declines in employment and income in many of these countries.

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