Just as with oil, coffee is traded as a commodity on exchange markets. More than 50 countries around the world produce coffee beans, the sum production of which is considered the of coffee.

Question

Quizplus · Accepted Answer

The sum production of coffee beans by more than 50 countries around the world represents the supply of coffee in the market. Demand, on the other hand, refers to the quantity of coffee that consumers are willing and able to purchase at various prices.

Just as with Oil, Coffee Is Traded as a Commodity