What $1 Per Pound Means :: On Monday, Aug. 20, the New York C price for coffee dropped below $1 per…

What $1 Per Pound Means :: On Monday, Aug. 20, the New York C price for coffee dropped below $1 per pound for the first time since 2006. While the $1 mark is an important psychological marker, the fact is that prices have been unsustainably low for years.

[…] the farmgate price is what the individual farmer earns; the C market instead references the free on board (FOB) price that includes, at a minimum, additional transportation costs. In the case of organized farmers, this also includes the costs associated with running a cooperative that provides quality control, agricultural training, marketing/sales and other services.