The NCA Coffee Summit Provides an Opportunity to Dive Deep into the Market

By Julio Sera, INTL FCStone

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One of my favorite aspects of working in the coffee trade – as opposed to markets like soybeans, precious metals or government bonds (like some of my colleagues) – is that so many people have such a direct experience with it every morning. In fact, we drink approximately 3.5 billion cups of coffee each day – equivalent to one cup each for nearly half of all the people on earth right now. That’s a lot of folks “jonesing” for “Joe.”

Stats like that ensure that I’m never at a loss for conversation starters. For example, can you name the top 10 coffee-producing countries in the world? In order?

How about the top 5 importers globally? (This one’s a bit of a trick question, which I’ll get into below.) Continue reading

Which Profession Drinks the Most Coffee?

Even if you don’t work in the industry, coffee is likely essential to your career. At-work coffee consumption is rising, according to National Coffee Drinking Trends data.

But which professionals are consuming the most? I Love Coffee made the following infographic based on the results of this survey on coffee consumption trends in the workplace.

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Check out I Love Coffee for more coffee infographics

Back to the Grind

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“Extraction is arguably the most important and least understood aspect of coffee brewing,” says Barista Hustle’s Matt Perger in this guide on the topic.

Put simply, extraction is the method of pulling the flavor from your coffee beans. It’s the magic that turns water and beans into a beautiful beverage. As water passes through the grounds, it dissolves all sorts of compounds that end up in your cup.

But this is where things get tricky: As Food and Wine notes, “Some of those compounds taste great, but others are kind of nasty. To get the good ones, and the right amount of them, you need to properly extract your coffee, meaning that the water dissolves the right stuff, and the right amount of it.”

As a general rule, brewing methods with longer contact time require a coarser grind (and vice versa – your espresso should be very fine). If this seems like a lot to consider before your first cup of coffee, don’t worry.
Continue reading