EP 1154 Caleb Holstein - Risk Management for Volatile Coffee Prices - 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/ •••••••••••••••••••••••••••••••• Support this podcast on Patreon for a few dollars a month here: https://bit.ly/MIFPatreon The Daily Coffee Pro by Map It Forward Podcast Host: Lee Safar https://www.mapitforward.coffee https://www.instagram.com/mapitforward.coffee https://www.instagram.com/leesafar •••••••••••••••••••••••••••••••• 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

Om Podcasten

The Daily Coffee Pro Podcast by MAP IT FORWARD provides content to the Global Coffee Industry Monday to Friday at 1 am PT. Episodes typically run between 20-25 minutes and are hosted by Map It Forward founder, Lee Safar. Each week a new 5-part series is released with a coffee industry expert speaking to challenges and innovations in the global coffee value chain. At Map It Forward, our mission is to encourage an industry mindset where people conspire to each other's success and our vision is to be a functional part of creating a standard within the coffee industry where people build responsible businesses with responsible pricing models. Our commitment to integrity, openness, authenticity, and curiosity is not just a statement; it's the cornerstone of everything we do. The video version of this podcast is available on YouTube at https://www.youtube.com/mapitforward Find out more about MAP IT FORWARD at https://www.mapitforward.coffee