EP 609 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.linkedin.com/in/caleb-holstein-7410b0b2/
https://www.instagram.com/greensquare.co/
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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
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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
For more information about MAP IT FORWARD go to https://www.mapitforward.coffee or https://www.instagram.com/mapitforward.coffee/