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No Seat at the CoffeeTable: How New York and London Still Set the Price of the Coffee Africa Gave the World
Two exchanges. Zero African chairs. A $50 billion import bill for the continent that invented the crop.* --- There is a room — two rooms, technically, seven time zones apart — where the price of coffee gets decided every trading day. One sits in lower Manhattan, inside the Intercontinental Exchange. The other sits in London, the descendant of a market born in 17th-century coffee houses that would later spawn the London Stock Exchange itself. Between them, these two rooms set
Wilbert Frank Chaniwa
12 hours ago6 min read
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