Price Dynamics in Global Beverage Markets: Trends, Drivers and Consequences

Coffee, cocoa and tea are among the world’s most important agricultural commodities, sustaining millions of smallholder farmers and their families, generating essential export earnings for producing countries, and supporting vast processing and retail industries across the globe. This report examines the forces shaping global coffee, cocoa, and tea prices, presenting new evidence on the drivers of short?run price movements and the transmission of global shocks from international markets to farmers and consumers. Digital editions of FAO publications are available on the FAO website as part of FAO’s Open Access policy.