2024全球咖啡价值链的可持续发展与韧性研究报告：构建咖啡投资新机制
Table of Contents Acknowledgments .........................................................................................................................................................................................3 I.1Objective........................................................................................................................................................................................4I.2Background and context ..........................................................................................................................................................4I.3Main conclusions and recommendations ...........................................................................................................................6 PART II. THE WORLD COFFEE MARKET: CURRENT SITUATION AND PROSPECTS ........................................................... 12 II.1Coffee prices and volatility .................................................................................................................................................. 12II.2Coffee production.................................................................................................................................................................... 13II.3Productivity................................................................................................................................................................................ 13II.4Coffee trade............................................................................................................................................................................... 15II.5Growing coffee consumption............................................................................................................................................... 16II.6Balance supply and demand................................................................................................................................................ 18 III.1The economic rationale behind a coffee facility/fund to support investments on coffee farms ................. 20III.2A bird’s eye view of the coffee market/sector ............................................................................................................... 21III.3Size of the investment vehicle............................................................................................................................................ 29III.4What should be the objectives of an investment vehicle?........................................................................................ 31III.5Preliminary estimates of the investment needs of the coffee sector. ................................................................... 33III.6Conclusions: Let’s set up a coffee investment vehicle ............................................................................................... 36 PART IV. TOWARDS A NEW GLOBAL INVESTMENT VEHICLE FOR THE COFFEE SECTOR................................................. 39 IV.1Actions needed to increase funding for the coffee sector......................................................................................... 39IV.2Review of key initiatives to finance the coffee sector ................................................................................................ 39IV.3Value proposition for a coffee financial vehicle ........................................................................................................... 40IV.4Goals ............................................................................................................................................................................................ 41IV.5A blended finance structure................................................................................................................................................. 41IV.6Options and road map............................................................................................................................................................ 42Phase 1: Demonstration / development phase – initiate grant facility .............................................................................. 43Phase 2: Investment vehicle............................................................................................................................................................... 44Phase 3: Listed HoldCo ........................................................................................................................................................................ 45 PART V. CONCLUSIONS AND THE WAY FORWARD............................................................................................................ 47 ANNEX I – OTHER FINANCIAL SCHEMES FOR THE COFFEE SECTOR ................................................................................ 50 Annex I1. UNIDO partnership model for de-risking investments in the Ethiopian coffee sect