Table 1.

Nominal and Real Coffee Prices

Brazil
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197331.0269.2038.19111
199055.5882.9729.390.58320.40480.2599
200798.23111.6613.440.92730.47250.1030
Percentage Change
1973 – 199072.7 (3.3)19.9 (1.1)−23.0 (−1.5)−41.7 (−3.1)−59.5 (−5.2)−74.0 (−7.6)
1990 – 200783.3 (3.6)34.6 (1.8)−54.3 (−4.5)59.0 (2.8)16.7 (0.9)−60.7 (−5.3)
1973 – 2007216.7 (3.4)61.4 (1.4)−64.8 (−3.0)−7.3 (−0.2)−52.8 (−2.2)−89.7 (−6.5)
Guatemala
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197346.0362.3016.27111
199054.5889.4634.870.40040.48480.7235
200798.09123.5525.460.62400.58070.4581
Percentage Change
1973 – 199018.6 (1.0)43.6 (2.2)114.3 (4.6)−60.0 (−5.2)−51.5 (−4.2)−27.6 (−1.9)
1990 – 200779.7 (3.5)38.1 (1.9)−27.0 (−1.8)55.9 (2.6)19.8 (1.1)−36.7 (−2.7)
1973 – 2007113.1 (2.3)98.3 (2.0)56.5 (1.3)−37.6 (−1.4)−41.9 (−1.6)−54.2 (−2.3)
India
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197345.3762.3016.93111
199066.7589.4622.700.49680.48480.4527
2007108.34123.5515.210.69920.58070.2630
Percentage Change
1973 – 199047.1 (2.3)43.6 (2.2)34.1 (1.7)−50.3 (−4.0)−51.5 (−4.2)−54.7 (−4.6)
1990 – 200762.3 (2.9)38.1 (1.9)−33.0 (−2.3)40.8 (2.0)19.8 (1.1)−41.9 (−3.1)
1973 – 2007138.8 (2.6)98.3 (2.0)−10.2 (−0.3)−30.1 (−1.0)−41.9 (−1.6)−73.7 (−3.9)
Notes: Figures in brackets are the compounded annualised percentage change. Real values are calculated with reference to the UN index of unit values of exports. Similar results are obtained if the real price of coffee is measured in terms of the United States consumer price index (CPI). Annual values are averages of the monthly values. Nominal values are in US cents per pound. Transfer costs are the difference between the terminal and producer price. The table on the right shows the percentage changes in the UN index of unit values of exports and the United States CPI.Unit Values of ExportsUS CPI
1973 – 1990196.2 (6.6)194.1 (6.6)
1990 – 200715.3 (0.8)58.7 (2.8)
1973 – 2007241.5 (3.7)366.6 (4.6)
Brazil
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197331.0269.2038.19111
199055.5882.9729.390.58320.40480.2599
200798.23111.6613.440.92730.47250.1030
Percentage Change
1973 – 199072.7 (3.3)19.9 (1.1)−23.0 (−1.5)−41.7 (−3.1)−59.5 (−5.2)−74.0 (−7.6)
1990 – 200783.3 (3.6)34.6 (1.8)−54.3 (−4.5)59.0 (2.8)16.7 (0.9)−60.7 (−5.3)
1973 – 2007216.7 (3.4)61.4 (1.4)−64.8 (−3.0)−7.3 (−0.2)−52.8 (−2.2)−89.7 (−6.5)
Guatemala
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197346.0362.3016.27111
199054.5889.4634.870.40040.48480.7235
200798.09123.5525.460.62400.58070.4581
Percentage Change
1973 – 199018.6 (1.0)43.6 (2.2)114.3 (4.6)−60.0 (−5.2)−51.5 (−4.2)−27.6 (−1.9)
1990 – 200779.7 (3.5)38.1 (1.9)−27.0 (−1.8)55.9 (2.6)19.8 (1.1)−36.7 (−2.7)
1973 – 2007113.1 (2.3)98.3 (2.0)56.5 (1.3)−37.6 (−1.4)−41.9 (−1.6)−54.2 (−2.3)
India
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197345.3762.3016.93111
199066.7589.4622.700.49680.48480.4527
2007108.34123.5515.210.69920.58070.2630
Percentage Change
1973 – 199047.1 (2.3)43.6 (2.2)34.1 (1.7)−50.3 (−4.0)−51.5 (−4.2)−54.7 (−4.6)
1990 – 200762.3 (2.9)38.1 (1.9)−33.0 (−2.3)40.8 (2.0)19.8 (1.1)−41.9 (−3.1)
1973 – 2007138.8 (2.6)98.3 (2.0)−10.2 (−0.3)−30.1 (−1.0)−41.9 (−1.6)−73.7 (−3.9)
Notes: Figures in brackets are the compounded annualised percentage change. Real values are calculated with reference to the UN index of unit values of exports. Similar results are obtained if the real price of coffee is measured in terms of the United States consumer price index (CPI). Annual values are averages of the monthly values. Nominal values are in US cents per pound. Transfer costs are the difference between the terminal and producer price. The table on the right shows the percentage changes in the UN index of unit values of exports and the United States CPI.Unit Values of ExportsUS CPI
1973 – 1990196.2 (6.6)194.1 (6.6)
1990 – 200715.3 (0.8)58.7 (2.8)
1973 – 2007241.5 (3.7)366.6 (4.6)
Table 1.

Nominal and Real Coffee Prices

Brazil
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197331.0269.2038.19111
199055.5882.9729.390.58320.40480.2599
200798.23111.6613.440.92730.47250.1030
Percentage Change
1973 – 199072.7 (3.3)19.9 (1.1)−23.0 (−1.5)−41.7 (−3.1)−59.5 (−5.2)−74.0 (−7.6)
1990 – 200783.3 (3.6)34.6 (1.8)−54.3 (−4.5)59.0 (2.8)16.7 (0.9)−60.7 (−5.3)
1973 – 2007216.7 (3.4)61.4 (1.4)−64.8 (−3.0)−7.3 (−0.2)−52.8 (−2.2)−89.7 (−6.5)
Guatemala
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197346.0362.3016.27111
199054.5889.4634.870.40040.48480.7235
200798.09123.5525.460.62400.58070.4581
Percentage Change
1973 – 199018.6 (1.0)43.6 (2.2)114.3 (4.6)−60.0 (−5.2)−51.5 (−4.2)−27.6 (−1.9)
1990 – 200779.7 (3.5)38.1 (1.9)−27.0 (−1.8)55.9 (2.6)19.8 (1.1)−36.7 (−2.7)
1973 – 2007113.1 (2.3)98.3 (2.0)56.5 (1.3)−37.6 (−1.4)−41.9 (−1.6)−54.2 (−2.3)
India
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197345.3762.3016.93111
199066.7589.4622.700.49680.48480.4527
2007108.34123.5515.210.69920.58070.2630
Percentage Change
1973 – 199047.1 (2.3)43.6 (2.2)34.1 (1.7)−50.3 (−4.0)−51.5 (−4.2)−54.7 (−4.6)
1990 – 200762.3 (2.9)38.1 (1.9)−33.0 (−2.3)40.8 (2.0)19.8 (1.1)−41.9 (−3.1)
1973 – 2007138.8 (2.6)98.3 (2.0)−10.2 (−0.3)−30.1 (−1.0)−41.9 (−1.6)−73.7 (−3.9)
Notes: Figures in brackets are the compounded annualised percentage change. Real values are calculated with reference to the UN index of unit values of exports. Similar results are obtained if the real price of coffee is measured in terms of the United States consumer price index (CPI). Annual values are averages of the monthly values. Nominal values are in US cents per pound. Transfer costs are the difference between the terminal and producer price. The table on the right shows the percentage changes in the UN index of unit values of exports and the United States CPI.Unit Values of ExportsUS CPI
1973 – 1990196.2 (6.6)194.1 (6.6)
1990 – 200715.3 (0.8)58.7 (2.8)
1973 – 2007241.5 (3.7)366.6 (4.6)
Brazil
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197331.0269.2038.19111
199055.5882.9729.390.58320.40480.2599
200798.23111.6613.440.92730.47250.1030
Percentage Change
1973 – 199072.7 (3.3)19.9 (1.1)−23.0 (−1.5)−41.7 (−3.1)−59.5 (−5.2)−74.0 (−7.6)
1990 – 200783.3 (3.6)34.6 (1.8)−54.3 (−4.5)59.0 (2.8)16.7 (0.9)−60.7 (−5.3)
1973 – 2007216.7 (3.4)61.4 (1.4)−64.8 (−3.0)−7.3 (−0.2)−52.8 (−2.2)−89.7 (−6.5)
Guatemala
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197346.0362.3016.27111
199054.5889.4634.870.40040.48480.7235
200798.09123.5525.460.62400.58070.4581
Percentage Change
1973 – 199018.6 (1.0)43.6 (2.2)114.3 (4.6)−60.0 (−5.2)−51.5 (−4.2)−27.6 (−1.9)
1990 – 200779.7 (3.5)38.1 (1.9)−27.0 (−1.8)55.9 (2.6)19.8 (1.1)−36.7 (−2.7)
1973 – 2007113.1 (2.3)98.3 (2.0)56.5 (1.3)−37.6 (−1.4)−41.9 (−1.6)−54.2 (−2.3)
India
Nominal Values
Real Value
Producer PriceTerminal PriceTransfer CostsProducer PriceTerminal PriceTransfer Costs
197345.3762.3016.93111
199066.7589.4622.700.49680.48480.4527
2007108.34123.5515.210.69920.58070.2630
Percentage Change
1973 – 199047.1 (2.3)43.6 (2.2)34.1 (1.7)−50.3 (−4.0)−51.5 (−4.2)−54.7 (−4.6)
1990 – 200762.3 (2.9)38.1 (1.9)−33.0 (−2.3)40.8 (2.0)19.8 (1.1)−41.9 (−3.1)
1973 – 2007138.8 (2.6)98.3 (2.0)−10.2 (−0.3)−30.1 (−1.0)−41.9 (−1.6)−73.7 (−3.9)
Notes: Figures in brackets are the compounded annualised percentage change. Real values are calculated with reference to the UN index of unit values of exports. Similar results are obtained if the real price of coffee is measured in terms of the United States consumer price index (CPI). Annual values are averages of the monthly values. Nominal values are in US cents per pound. Transfer costs are the difference between the terminal and producer price. The table on the right shows the percentage changes in the UN index of unit values of exports and the United States CPI.Unit Values of ExportsUS CPI
1973 – 1990196.2 (6.6)194.1 (6.6)
1990 – 200715.3 (0.8)58.7 (2.8)
1973 – 2007241.5 (3.7)366.6 (4.6)
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