EP 1535 – Part 5 of 5: Ethiopia’s 2026 Harvest — Buying Strategy & Dollar Risk - Matthew Thornton

This is Part 5 of a five-part series, The 2026 Ethiopian Coffee Harvest, with Matthew Thornton, founder of Arkena Coffee Market.

After examining harvest outlook, pricing structures, stakeholder dynamics, and exporter fragility, this final episode turns to strategy. If you are sourcing Ethiopian coffee in 2026, preparation matters more than optimism.

Matthew explains why specialty prices may feel uncomfortable this year and why buyers should be prepared for sticker shock. We discuss how regional shifts in production affect purchasing decisions, how western volumes may offset eastern tightness, and how quality management risk changes in a bumper crop year.

The conversation also widens to currency exposure. A weakening US dollar, foreign exchange controls, and Ethiopia’s pricing architecture create structural complexity for international buyers. We explore how macroeconomic forces, including speculation in commodity markets, could add volatility to coffee pricing this year.

This episode closes the series by connecting origin realities to global financial dynamics. If you buy, trade, import, or roast Ethiopian coffee, this discussion is about positioning yourself intelligently for 2026.

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EP 1534 – Part 4 of 5: Ethiopia’s 2026 Harvest — Trade, Currency & Survival Risk - Matthew Thornton

This is Part 4 of a five-part series, The 2026 Ethiopian Coffee Harvest, with Matthew Thornton, founder of Arkena Coffee Market.

In this episode, we examine the downside scenario: what happens if the harvest does not perform as expected, or if exporters miscalculate demand and pricing.

Matthew explains that while many farmers have already benefited from high cherry prices this season, exporters, especially specialty-focused unions and cooperatives, are operating in what he calls a survival year

Those who purchased aggressively without secured markets may be forced into secondary mills, accepting thinner margins or losses. Meanwhile, larger exporters with import businesses can absorb coffee losses because Ethiopia’s export system allows them to retain foreign currency, which can be leveraged in other import-based ventures

The conversation also turns to a deeper structural issue: the specialty industry often views itself through a quality lens, while much of origin trade operates through commodity and currency logic. When prices surge, farmers may deprioritize specialty differentiation. When prices fall, liquidity becomes the dominant concern.

This episode is about trade mechanics, currency incentives, and what truly determines survival in Ethiopia’s 2026 harvest.

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EP 1533 – Part 3 of 5: Ethiopia’s 2026 Harvest - Who Wins If It Goes Well? - Matthew Thornton

This is Part 3 of a five-part series, The 2026 Ethiopian Coffee Harvest, with Matthew Thornton, founder of Arkena Coffee Market.

In this episode, we examine what happens across the supply chain if the 2026 harvest performs well.

Farmers supplying cherry in the east have already benefited from record prices. Those drying cherry and holding inventory may need to move quickly if demand slows. Exporters are operating in what Matthew describes as a survival season, where quality management and disciplined purchasing matter more than aggressive buying.

In western Ethiopia, bumper production could help offset eastern shortages, particularly in commercial grades. Buyers may shift volume westward to balance books, while specialty lots from the southeast may remain tight.

We also explore a deeper question: are farmers truly gaining market power, or are they simply benefiting from competitive exporter behavior this season? And what happens if expectations rise for 2027 pricing?

This episode maps the winners, the survivors, and the risks beneath a “good” harvest.

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EP 1532 – Part 2 of 5: Ethiopia’s 2026 Harvest — The New Pricing System - Matthew Thornton

This is Part 2 of a five-part series, The 2026 Ethiopian Coffee Harvest, with Matthew Thornton, founder of Arkena Coffee Market.

In this episode, we explore what makes Ethiopia unique as a coffee trading origin. Unlike most producing countries, Ethiopia operates under a government-mandated export pricing system. Each week, the Coffee and Tea Authority publishes a minimum export price list by grade, region, and processing method. Exporters are not permitted to sign contracts below those thresholds.

The system was introduced to prevent underpricing, protect foreign currency inflows, and reduce capital leakage through sister companies abroad. The result is a market where pricing trends upward until it temporarily moves out of alignment with buyers, followed by periodic corrections.

We discuss how this structure changes power dynamics, why it reduces dependence on pure C-market pricing, and what buyers should expect from Ethiopia’s 2026 harvest.

If you source Ethiopian coffee, this episode provides critical context.

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EP 1531 - Part 1 of 5: Ethiopia’s 2026 Coffee Harvest - Matthew Thornton

This is Part 1 of a five-part series, The 2026 Ethiopian Coffee Harvest, with Matthew Thornton, founder of Arkena Coffee Market.

In this episode, the conversation focuses on the structural overview of the 2026 harvest. Eastern regions are experiencing reduced volumes, western regions are seeing stronger yields, quality is generally positive, and pricing has surged due to currency shifts, liquidity constraints, and increased competition in the cherry market.

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EP 1530 – Part 5 of 5: Coffee Farms in 10 Years — Prosperity or Survival - Pedro Manga

This is Part 5 of a five-part series, Coffee Farms in a Decade from Now, with Pedro Manga from Caravela Coffee.

In this concluding episode, the focus shifts to long-term futures for coffee farming. Pedro and Lee discuss prosperity versus survival, why most producers are locked into short-term decision-making, and how climate change, genetics, migration, and succession are reshaping coffee landscapes. The episode closes with a clear message: coffee’s future depends on whether producers are given the ability to dream, invest, and plan beyond today.

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EP 1529 – Part 4 of 5: The Myths of Direct Trade and Transparency in Coffee - Pedro Manga

This is Part 4 of a five-part series, Coffee Farms in a Decade from Now, with Pedro Manga from Caravela Coffee.

In this episode, the conversation focuses on direct trade, traceability, and transparency. Pedro explains why the number of intermediaries is not the issue — evidence is. From farm gate pricing to data integrity, the episode challenges the industry to move beyond marketing claims and into accountable, traceable sourcing relationships.

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EP 1528 – Part 3 of 5: Biochar, Carbon Credits, and Coffee Resilience - Pedro Manga

This is Part 3 of a five-part series, Coffee Farms in a Decade from Now, with Pedro Manga from Caravela Coffee.

In this episode, the conversation focuses on biochar and carbon credits as tools for resilience — and the risks that emerge when they are rushed into practice. Pedro explains why biochar is not a silver bullet, how carbon markets can become extractive, and why poorly implemented biochar can harm soil biology and farm economics. The episode reinforces the need to centre farmer wellbeing, not financial incentives, in climate solutions.

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EP 1527 – Part 2 of 5: Deforestation, EUDR, and Coffee Supply Chains - Pedro Manga

This is Part 2 of a five-part series, Coffee Farms in a Decade from Now, with Pedro Manga from Caravela Coffee.

In this episode, the conversation focuses on deforestation and the European Union Deforestation Regulation (EUDR), and what it has revealed about the coffee industry. Pedro explains why producers are more likely to lose market access due to supply chain opacity than deforestation itself, and why traceability failures shift unfair responsibility upstream.

The discussion also explores accountability, cost, greenwashing, and why responsible production must be paired with responsible consumption if forests are truly to be protected.

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EP 1526 – Part 1 of 5: The Reality and Uncertainty of Coffee Farming in 2026 - Pedro Manga

This is Part 1 of a five-part series, Coffee Farms in a Decade from Now, with Pedro Manga from Caravela Coffee.

In this episode, the conversation focuses on the reality of coffee farming in 2026: volatile prices, undervalued labour, climate shocks, and the deeper risk created when uncertainty is pushed upstream to producers. Pedro introduces Caravela’s definition of prosperity, the ability for farmers to plan, save, and invest in the future, and explains why recent price movements have shifted power dynamics for smallholder farmers.

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EP 1525 – Part 5 of 5: The Work Ahead to Survive the Coffee Crisis - Augusto Amaya

This is Part 5 of a five-part series with Augusto Amaya from Arcadia Green Coffee, exploring how green coffee sourcing is diversifying as the industry evolves.

In this closing conversation, Augusto shares practical guidance for roasters and sourcing professionals navigating an unstable market: understand your supplier’s system, identify what happens inside the “black box,” follow geopolitics and market fundamentals, and build community resilience, because the calm market is not returning soon.

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EP 1524 – Part 4 of 5: Managing Risk Across Coffee Stakeholders - Augusto Amaya

This is Part 4 of a five-part series with Augusto Amaya from Arcadia Green Coffee, exploring how green coffee sourcing is diversifying as the industry evolves.

Augusto explains how Arcadia manages risk by paying producers immediately, carrying logistics exposure, and allowing roasters to purchase in alignment with their cash flow. The conversation expands into the broader coffee crisis: risk does not disappear, it shifts, and roasters must understand the risk their suppliers are carrying behind the scenes.

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EP 1523 – Part 3 of 5: Geopolitics, Trade Chaos, and Coffee in Colombia (2026) - Augusto Amaya

This is Part 3 of a five-part series with Augusto Amaya from Arcadia Green Coffee, exploring how green coffee sourcing is diversifying as the industry evolves.

In this episode, the conversation focuses on the geopolitical realities impacting coffee in Colombia and across global markets. Augusto discusses shifting trade routes, EUDR compliance pressures, currency swings, and why risk management is becoming unavoidable for producers, exporters, and roasters moving into 2026.

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EP 1522 – Part 2 of 5: Sourcing Green Coffee That Works for Everyone - Augusto Amaya

This is Part 2 of a five-part series with Augusto Amaya from Arcadia Green Coffee, exploring how green coffee sourcing is diversifying as the coffee industry evolves.

In this episode, Lee Safar and Augusto discuss what it really means to source green coffee in a way that benefits all stakeholders, not just the buyer.

Augusto explains why traditional sourcing can feel like a “black box” for producers, and why transparency must work in both directions: roasters should know who grew the coffee, and producers should know exactly where their coffee is going.

They explore how Arcadia’s matchmaking model creates pride, stability, and long-term relationships, and why real relationship-building requires showing up in person, not just sending emails.

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EP 1521 – Part 1 of 5: Building a Green Coffee Sourcing Company in a Crisis - Augusto Amaya

This is Part 1 of a five-part series with Augusto Amaya from Arcadia Green Coffee, exploring how green coffee sourcing is diversifying as the industry evolves.

In this episode, Augusto shares Arcadia’s approach to relationship-based sourcing: starting with roaster needs first, maintaining traceability that works both ways, and reducing risk by only purchasing coffee when a clear buyer is in place. The conversation explores volatility, financing pressure, and why sourcing must benefit every stakeholder across the chain.

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EP 1520 – Part 5 of 5: The Future of Coffee Pricing - Sean Warner

This is Part 5 of a five-part series with Sean Warner from the Honduran Coffee Alliance, exploring how coffee pricing is set today and how it may change in the future.

In the final episode, Lee Safar and Sean Warner discuss potential alternatives to Arabica-dependent pricing, the implications of the C market disappearing, and what producer-led pricing models could look like in practice.

They reflect on resilience, power, and the importance of building pricing systems that can withstand ongoing volatility across the coffee supply chain.

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EP 1519 – Part 4 of 5: Direct Trade and Coffee Price Stability - Sean Warner

This is Part 4 of a five-part series with Sean Warner from the Honduran Coffee Alliance, exploring how coffee pricing is set today and how it may change in the future.

In this episode, Lee Safar and Sean Warner explore direct trade as a proposed solution to pricing instability. They discuss how different trade models function, where power sits in pricing conversations, and why direct trade succeeds in some contexts while failing in others.

The conversation focuses on pricing references, long-term relationships, and what enables producers to maintain meaningful prices over time.

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EP 1518 - Part 3 of 5: Risk, Cash Flow, and Timing - Sean Warner

This is Part 3 of a five-part series with Sean Warner from the Honduran Coffee Alliance, exploring how coffee pricing is set today and how it may change in the future.

In this episode, Lee Safar and Sean Warner focus on the often-overlooked role of risk and liquidity in coffee pricing. While price receives most of the attention, this conversation highlights how payment timing and financing structures affect producers, roasters, and exporters.

They discuss the pressure that high prices place on cash flow, the role of multinationals in financing, and why payment terms can determine whether businesses remain viable during periods of volatility.

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EP 1517 - Part 2 of 5: Why Coffee Pricing Is So Complicated - Sean Warner

This is Part 2 of a five-part series with Sean Warner from the Honduran Coffee Alliance, exploring how coffee pricing is set today and how it may change in the future.

In this episode, Lee Safar and Sean Warner examine why coffee pricing is inherently complicated. They discuss the limitations of using the C price as a reference, the historical volatility of coffee markets, and why countries with vastly different production costs are often priced using the same benchmark.

Using Honduras as a case study, they explore how cost of production, quality, and payment timing affect pricing outcomes for producers.

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EP 1516 - Part 1 of 5: How Coffee Is Priced Today - Sean Warner

This is Part 1 of a five-part series with Sean Warner from the Honduran Coffee Alliance, exploring how coffee pricing is set today and how it may change in the future.

In this episode, Lee Safar and Sean Warner unpack how coffee is currently priced across the supply chain. They discuss the role of the C market, differences in production costs between origins, spot coffee versus future contracts, and why rising retail prices do not necessarily translate into improved income for producers.

This episode sets the foundation for the rest of the series.

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