Published Mar 23, 2007
Americans drink a lot of coffee. More than 150 million Americans drink coffee, and the United States is the largest importer of coffee. Many coffee producing countries are some of the poorest in the world, and they depend heavily on the coffee trade for revenue. The market price for coffee today is 45 cents per pound, which is below the cost of production, according to the United Students for Fair Trade Web site. According to the Starbucks Web site, the coffee company sells imported coffee starting from at least $9 per pound.