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# What $1 Per Pound Means :: On Monday, Aug. 20, the New York C price for coffee dropped below $1 per…
- URL: https://thechocolatelife.com/what-1-per-pound-means-on-monday-aug-20-the-new-york-c-price-for-coffee-dropped-below-1-per/
- Published: 2018-09-04T15:11:38.000Z
- Updated: 2021-01-10T23:02:15.000Z
- Author: The Archivist
- Tags: TCL Originals, The Stacks

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.

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