EP 1154 Caleb Holstein - Risk Management for Volatile Coffee Prices - The Daily Coffee Pro Podcast by Map It Forward

The Daily Coffee Pro Podcast by MAP IT FORWARD

This is the 3rd episode of a five-part series on The Daily Coffee Pro by Map It Forward Podcast, hosted by Map It Forward founder, Lee Safar.

The guest on this podcast series is Caleb Holstein, cofounder of Greensquare, an Australian-based green coffee sourcing and inventory management system.

In this podcast series, Lee and Caleb are exploring the new normal for coffee roasters in the volatility of this current coffee crisis.

In this episode of The Daily Coffee Pro by Map It Forward, Lee and Caleb discuss the complexities of hedging and budgeting for green coffee purchasing.

They delve into the risks and rewards of hedging, how it essentially means starting another business, and why it's not advisable for small roasters.

They also talk about the volatility and rising costs in the coffee market, the importance of having liquid assets, and the significance of proper budgeting and accurate costing.

This episode provides valuable insights for roasters navigating the new normal in coffee purchasing.

Tune in to learn how to better manage your coffee business finances!

00:00 Introduction to Hedging in Coffee Trading

00:48 Sponsorship Message: Become a Coffee Consultant

01:26 Welcome and Series Overview

01:46 The Rising Costs of Green Coffee

04:37 Understanding the C Market

08:05 The Risks and Realities of Hedging

13:24 Speculators and Their Impact

14:57 Navigating Currency and Pricing Challenges

18:26 The Importance of Communication and Pricing Models

22:31 Conclusion and Next Episode Preview

22:53 Closing Remarks and Call to Action

Connect with Caleb and Greensquare here:

https://www.greensquare.co/

https://www.linkedin.com/in/caleb-holstein-7410b0b2/

https://www.instagram.com/greensquare.co/

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🤑 This episode is brought to you by Map It Forward's revised on-demand online workshop "It's Time to Become a Coffee Consultant" available now on our website with additional new bonus material including the coffee consultant career map. Get more details on how you can create an alternative revenue stream today at https://mapitforward.coffee/workshops

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💡Support this podcast, watch this episode without sponsor messages by becoming a paid member of this youtube channel or joining our community on our Patreon here: https://www.patreon.com/mapitforward

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🧐 Looking for a consultant for your coffee business? Contact us here: https://mapitforward.coffee/consulting

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📓 Want to become a coffee consultant? Start your learning journey here: https://mapitforward.coffee/workshops

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Connect with us:

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