Coffee Memo with Rob Stephen

Coffee Memo | Rob Talks with Michael Nugent Ep. 7

Episode Summary

In this interview, commodity trading veteran Mike Nugent discusses the current volatility in the coffee market, emphasizing the importance of understanding historical trends and the impact of weather and politics on supply. He highlights the challenges faced by both roasters and farmers, the variability in consumer demand, and offers advice for small roasters navigating this complex landscape. Nugent underscores the significance of integrity and quality in business practices as essential for success in the coffee industry.

Episode Notes

Takeaways

• Volatility is a significant characteristic of the current coffee market.
• Understanding historical context is crucial for predicting future trends.
• Weather events have historically influenced coffee market fluctuations.
• Political factors can also impact coffee supply and pricing.
• Current challenges include high costs and supply chain issues.
• Consumer behavior is shifting, especially among lower-income groups.
• Retail prices are at record highs, affecting demand.
• Small roasters must focus on quality and customer relationships.
• Integrity in business practices is essential for long-term success.
• The coffee market is influenced by both natural and human factors.