Mutombo Coffee: Prices for High-End Arabica Coffee Beans touched nine-year Highs

Prices for high-end arabica coffee beans touched nine-year highs Monday with turmoil in Africa adding to crop woes in South America and skyrocketing costs for farmers.

Ethiopia, the world’s third biggest grower of arabica beans, is in the throes of civil war, with government forces battling rebels from the northern Tigray region. Curfews were recently imposed in the Oromia region, and U.S. Secretary of State Antony Blinken expressed concerns Friday that the African nation could implode.

“Several other factors continue to pressure prices upwards, particularly those that affect coffee flow such as limited vessel space, access to the Brazilian port of Santos and the growing risk of potential defaults in Colombia,” said Jorge Cuevas, chief coffee officer for Sustainable Harvest, an importer in Oregon.

Robert C. Bush Jr

About Robert C. Bush Jr

I am a senior investment executive with experience across industries (advanced manufacturing, financial services, energy, ICT, e-health, life sciences, security, and retail), geographies (USA, Europe, China, Middle East and Africa), as well as asset classes (venture capital, private equity, Islamic finance). I have engaged in a full array of financial and operating special projects for sovereign-related entities, family businesses, family offices, investment companies, corporates, and startups. I have participated in more than $30 billion in transactions and co-managed assets of nearly $10 billion (usd). I speak frequently to governments, universities, and corporates on issues related to innovation, corporate governance, asset management, and evidence-based investing. Additionally, I provide commentary on live television and international media, including CNN International, Euromoney, and Fox Business News, as well as speak at global conferences, including the UAE’s Annual Investment Meeting (AIM), Milken Conference, Institutional Investor, Business Week CEO Forum, GAIM and dozens of startup pitch events around the globe. My unique, global experiences, love for teaching and learning, as well my established network of relationships, fuel my interests in entrepreneurship, prudent-decision making, and innovation. If you are living a purpose-driven life, let's connect!

Leave a Reply

Your email address will not be published. Required fields are marked *