The best coffee will always be the most transparent

TRANSPARENCY - PRICES - ORIGINS

For the fourth year in a row, we have published our transparency report which includes both our goals for the past year and all kinds of data about how NOMAD COFFEE will operate in 2023: from the growth of our team, the spending percentages of our budget, the average score of a cup of coffee or where each batch comes from and whether or not it is traceable (spoiler: they are 100% traceable).

 

 

Achieved objectives: B Corp and price transparency

As we told you a few weeks ago, NOMAD COFFEE has obtained the B Corp certification, which recognizes its high standards of social and environmental performance, public transparency and legal responsibility. If you are curious, this is our B Corp profile.

 

On the other hand, we have managed to make farmgate prices transparent, that is, the economic gain that producers receive for selling their coffee. In total, of the 52 lots acquired in 2023, 51 of them have been made transparent. In 2024 we want to achieve this in its entirety.


 

Finance and coffee

Personnel and the purchase of green coffee are the two highest expenses for the company.

 

The 2023 coffee came from 14 different countries, in a total of 52 lots, totaling 75,041.50 kg of coffee. The average cup score was 87 points. Compared to 2020, the lots grew by 20 more units, which amounted to more than 3,000 44,097.5 additional kg, and an improvement in transparency from 84% to 100%.


 

Origins

The green coffee most purchased by NOMAD COFFEE is from Colombia, followed by coffee from El Salvador, with a total of 25,694 kg and 17,526 kg respectively. The remaining origins are: Costa Rica, Guatemala, Rwanda, Ethiopia, Burundi, Kenya, Nicaragua, Myanmar, China, Tanzania, Ecuador and Peru.

 

 

Green coffee prices

From NOMAD COFFEE we pay more and better for high quality coffees and our average payout has increased by more than $3 per pound over last year.

However, in the C-Market, which is the central futures exchange market, where future coffee crops are contracted and where specialty coffee does not operate, although it is affected, coffee fell from $2.14 per pound to $1.74/lb, so that coffees with very good scores according to the SCA (between 80 and 85.9 points) have been paid worse. Fortunately, the specialty coffee market continues to pay fair prices for the quality of these lots. In this comparison you can see how we have paid in relation to the specialty coffee market.


Specifically, NOMAD maintained or increased the prices of the lots between 82 and 84.9 points that it was able to purchase directly: Finca Aquiares, in Costa Rica; Chambakú, in Colombia; and Las Brisas, in El Salvador. In the lots of that score purchased through intermediaries, a slight drop in price was noted. For lots of 86 points or more, we paid above the average, and this was even more noticeable for lots of more than 88 points.