Coffee Is One Of The World’s Most Valuable Commodities. Some Estimate It Is The Second Most Valuable After Oil
Over half the adults in the United States drink coffee on a daily basis, and the percentage has been on the increase for many years. Canadians enjoy their fair share as well. With demand high in these and other countries, consumers have made the popular beverage a very valuable commodity.
According to research by the National Coffee Association, 56 percent of adults living in the United States drank coffee every day in 2006, about 112 million people. This percentage rose from 53 percent in 2005 and 49 percent in 2004. Another 25 percent have some occasionally. This amounts to nearly $18 billion spent on coffee by Americans yearly.
Regular coffee drinkers in the United States have about three cups daily, that’s about 336 million cups of coffee. Nearly 60 percent is consumed during breakfast.
Coffee is one of the most popular beverages consumed in the modern world. People drink it in a wide variety of forms that have evolved over time and across cultures. It has endured over 12 centuries of development and controversy. People who drink coffee often fiercely defend its bold flavors and apparent benefits to alertness and mental acuity.
Coffee is one of the world’s most valuable commodities. Some estimate it is the second most valuable after oil. Over 100 million people in developing countries depend on coffee as their main source of income, particularly in African and Central American countries.
Brazil is the largest producer of coffee by far, exporting over twice as much as the next two largest-producing countries, Vietnam and Indonesia, combined. Coffee is the world’s most popular beverage except for water. About 1,400 million cups a day are consumed worldwide.
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