Coffee has been consumed for many years and has a long history. The coffee plant is thought to have originated in Ethiopia, when a goat herder by the name of Kaldi first found it. He observed that his goats had more energy after consuming the berries from a particular shrub, so he made the decision to try them himself. This resulted in the identification of coffee’s stimulating properties.
Although coffee trees can live up to 20 years, the majority of their bean production occurs between the ages of 4 and 7. The coffee berries are typically collected between October and January after maturing for around 9 months. Coffee may be fairly expensive since it needs a lot of manual effort during the labor-intensive harvesting process.
It is challenging to forecast coffee prices for 2021 since there are so many variables that can affect the market, including the weather, political unrest, and supply chain interruptions. It is important to note, too, that the COVID-19 pandemic has had an impact on the coffee market, with certain nations reporting labor shortages and declining demand. Future price increases can be the result of this.
Regarding the cost of coffee today, it varies according to the kind and location of sale. The International Coffee Organization reports that in February 2021, the average cost of Arabica coffee was $1.20 per pound and the average cost of Robusta coffee was $0.80 per pound. Based on the state of the market, these prices are liable to vary.
In conclusion, “coffee” has a long history that may be traced to the Arabic term “qahwah.” Despite having a lifespan of up to 20 years, coffee bushes produce at their peak between the ages of 4 and 7. It takes around nine months to complete the labor-intensive harvesting operation. Although it is difficult to forecast coffee prices for 2021, the COVID-19 epidemic has had an impact on the sector and may result in increased costs. The type and location of the coffee being sold affect the current price of the beverage.
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