Systematic Review of Methods for Specialty Coffee Price Estimation

Autores:: Pinto-Rodríguez, Víctor-Hugo
Cobos-Lozada, Carlos-Alberto
Nieto-Muñoz, Adriana-Marcela

Tipo de recurso:: Article of journal

Fecha de publicación:: 2025

Institución:: Universidad Pedagógica y Tecnológica de Colombia

Repositorio:: RiUPTC: Repositorio Institucional UPTC

Idioma:

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dc.title.en-US.fl_str_mv	Systematic Review of Methods for Specialty Coffee Price Estimation
title	Systematic Review of Methods for Specialty Coffee Price Estimation
spellingShingle	Systematic Review of Methods for Specialty Coffee Price Estimation Coffee price Sustainability Artificial intelligence Precio del café Sostenibilidad Inteligencia artificial
title_short	Systematic Review of Methods for Specialty Coffee Price Estimation
title_full	Systematic Review of Methods for Specialty Coffee Price Estimation
title_fullStr	Systematic Review of Methods for Specialty Coffee Price Estimation
title_full_unstemmed	Systematic Review of Methods for Specialty Coffee Price Estimation
title_sort	Systematic Review of Methods for Specialty Coffee Price Estimation
dc.creator.fl_str_mv	Pinto-Rodríguez, Víctor-Hugo Cobos-Lozada, Carlos-Alberto Nieto-Muñoz, Adriana-Marcela
dc.contributor.author.eng.fl_str_mv	Pinto-Rodríguez, Víctor-Hugo Cobos-Lozada, Carlos-Alberto Nieto-Muñoz, Adriana-Marcela
dc.subject.none.fl_str_mv	Coffee price Sustainability Artificial intelligence Precio del café Sostenibilidad Inteligencia artificial
topic	Coffee price Sustainability Artificial intelligence Precio del café Sostenibilidad Inteligencia artificial
publishDate	2025
dc.date.accessioned.none.fl_str_mv	2025-06-17 00:00:00 2026-04-16T17:47:41Z
dc.date.available.none.fl_str_mv	2025-06-17 00:00:00
dc.date.issued.none.fl_str_mv	2025-06-17
dc.type.spa.fl_str_mv	Artículo de revista
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dc.relation.references.none.fl_str_mv	J. Norton et al., “A grand challenge for HCI: food + sustainability,” Interactions, vol. 24, no. 6, pp. 50-55, Oct. 2017. https://doi.org/10.1145/3137095 Federación Nacional de Cafeteros, Colombia celebra el día nacional del café y 93 años de la Federación Nacional de Cafeteros, 2023. https://federaciondecafeteros.org/wp/listado-noticias/colombia-celebra-el-dia-nacional-del-cafe-y-93-anos-de-la-federacion-de-cafeteros/ S. G. Posada, La economía del café: ¿Quién se está quedando el dinero?, 2019. https://quecafe.info/la-economia-del-cafe-quien-se-esta-quedando-el-dinero/ I. Perfecto, R. Rice, R. Greenberg, M. Van der Voort, “Shade Coffee: A Disappearing Refuge for Biodiversity,” Bioscience, vol. 46, no. 8, pp. 598-608. https://doi.org/10.2307/1312989 Firebird, What is Specialty Coffee?, 2024. https://www.firebirdcoffee.co.uk/blogs/roastersnotebook/what-is-specialty-coffee?srsltid=AfmBOoruVtKvWCcFi_RymlCvbbZusqz9YYHv3mWKEo2XHIKDf0k0YVCJ Federación Nacional de Cafeteros, Precio interno de referencia para la compra de café en Colombia, 2023. https://federaciondecafeteros.org/app/uploads/2019/10/precio_cafe.pdf S. Dávila-Hermeling, ¿Cómo se determina el precio del café? Introducción a la bolsa de valores y el mercado de futuros, 2023. https://perfectdailygrind.com/es/2021/03/04/como-se-determina-el-precio-del-cafe-introduccion-a-la-bolsa-de-valores-y-el-mercado-de-futuros/ L. Donnet, D. Weatherspoon, J. Hoehn, “Price determinants in top-quality E-Auctioned specialty coffees,” Agricultural Economics, vol. 38, pp. 267-276, May 2008. https://doi.org/10.1111/j.1574-0862.2008.00298.x R. Teuber, R. Herrmann, “Towards a differentiated modeling of origin effects in hedonic analysis: An application to auction prices of specialty coffee,” Food Policy, vol. 37, no. 6, pp. 732-740, 2012. https://doi.org/10.1016/j.foodpol.2012.08.001 A. P. Wilson, N. L. W. Wilson, “The economics of quality in the specialty coffee industry: Insights from the Cup of Excellence auction programs,” Agricultural Economics (United Kingdom), vol. 45, no. S1, pp. 91-105, 2014. https://doi.org/10.1111/agec.12132 T. Traore, N. Wilson, D. Fields, “What explains specialty coffee quality scores and prices: a case study from the cup of excellence program,” Journal of Agricultural and Applied Economics, vol. 50, no. 3, pp. 349-368, Aug. 2018. https://doi.org/10.1017/aae.2018.5 B. Kitchenham, O. Pearl Brereton, D. Budgen, M. Turner, J. Bailey, S. Linkman, “Systematic literature reviews in software engineering-A systematic literature review,” Information and Software Technology, vol. 51, no. 1, pp. 7-15, 2009. https://doi.org/10.1016/j.infsof.2008.09.009 W. Mengist, T. Soromessa, G. Legese, “Method for conducting systematic literature review and meta-analysis for environmental science research,” MethodsX, vol. 7, e100777, Dec. 2019. https://doi.org/10.1016/j.mex.2019.100777 N. Merbah, S. Benito, “Sustainability labels in the Spanish coffee market: A hedonic price approach,” Spanish Journal of Agricultural Research, vol. 21, no. 1, e19510, 2023. https://doi.org/10.5424/sjar/2023211-19510 K. Mekala, V. Laxmi, H. Jagruthi, D. Shiv Ashish, R. Sridevi, Amar Prakash, “Coffee Price Prediction: An Application of CNN-BLSTM Neural Networks,” in International Conference on Advances in Computing, Communication and Applied Informatics, 2023. https://doi.org/10.1109/ACCAI58221.2023.10199369 O. Gálvez-Soriano, M. Cortés, “Is there a pass-through from the international coffee price to the mexican coffee market?,” Studies in Agricultural Economics, vol. 123, no. 2, pp. 86-94, 2021. https://doi.org/10.7896/j.2143 R. R. Novanda et al., “A comparison of various forecasting techniques for coffee prices,” in Journal of Physics: Conference Series, 2018. C. Deina et al., “A methodology for coffee price forecasting based on extreme learning machines,” Information Processing in Agriculture, vol. 9, no. 4, pp. 556-565, Dec. 2022. https://doi.org/10.1016/j.inpa.2021.07.003 X. Xu, Y. Zhang, “Commodity price forecasting via neural networks for coffee, corn, cotton, oats, soybeans, soybean oil, sugar, and wheat,” Intelligent Systems in Accounting, Finance and Management, vol 29, no. 3, pp. 169-181. Jul. 2022. https://doi.org/10.1002/isaf.1519 Y. Chaovanapoonphol, J. Singvejsakul, A. Wiboonpongse, “Analysis of exogenous factors to Thailand coffee price volatility: using multiple exogenous Bayesian Garch-X model,” Agriculture, vol. 13, no. 10, e10, Oct. 2023. https://doi.org/10.3390/agriculture13101973 C.-N. Wang, M.-C. Yu, N.-N.-Y. Ho, T.-N. Le, “An integrated forecasting model for the coffee bean supply chain,” Applied Economics, vol. 53, no. 28, pp. 3321-3333, Jun. 2021. https://doi.org/10.1080/00036846.2021.1887447 A. Acevedo Amorocho, F. E. Ramírez Carreño, D. D. Salcedo Blanco, J. A. Román Ordoñez, “Pronóstico del precio del café: Una propuesta desde los modelos econométricos,” Revista Venezolana de Gerencia, vol. 25, no. 4, pp. 564–578, 2020. A. Rodríguez, M. Melgarejo, “Identification of Colombian coffee price dynamics,” Chaos: An Interdisciplinary Journal of Nonlinear Science, vol. 30, no. 1, e013145, Jan. 2020. https://doi.org/10.1063/1.5119857 L. Benavidez, T. Xia, “A Gravity Model of Central American Organic Coffee Trade with the United States,” Journal of Food Distribution Research, vol. 53, no. 1, pp. 33-40, 2022. https://doi.org/10.22004/ag.econ.339667 T. N. Le Ngoc et al., “Machine Learning for agricultural price prediction: a case of coffee commodity in Vietnam market,” in IEEE/ACIS 8th International Conference on Big Data, Cloud Computing, and Data Science, 2023, pp. 38-41. https://doi.org/10.1109/BCD57833.2023.10466313 Y. A. Herrera-Jaramillo, J. C. Ortega-Giraldo, A. Acevedo-Amorocho, D. Prada-Marin, “Colombian coffee price forecast via LSTM Neural Networks,” in Technological and Industrial Applications Associated with Intelligent Logistics, 2021, pp. 501-517. https://doi.org/10.1007/978-3-030-68655-0_25 E. Figueroa-Hernández, F. Pérez-Soto, L. Godínez-Montoya, and R. A. Perez-Figueroa, “Los precios de café en la producción y las exportaciones a nivel mundial,” Revista Mexicana de Economía y Finanzas Nueva Época REMEF, vol. 14, no. 1, Art. no. 1, 2019, doi: 10.21919/remef.v14i1.358. D. G. Ababu, A. M. Getahun, “Time series analysis of price of coffee in case of Mettu town, Ilu Ababor zone, Oromia regional state, Ethiopia,” Asian Journal of Dairy and Food Research, vol. 40, no. 3, pp. 279-284, Jul. 2021. https://doi.org/10.18805/ajdfr.DR-204 J. Crespo Cuaresma, J. Hlouskova, M. Obersteiner, “Fundamentals, speculation or macroeconomic conditions? Modelling and forecasting Arabica coffee prices,” European Review of Agricultural Economics, vol. 45, no. 4, pp. 583–615, Sep. 2018. https://doi.org/10.1093/erae/jby010 W. S. Nugroho, A. B. Astuti, S. Astutik, “Vector error correction model to forecasting spot prices for coffee commodities during Covid-19 pandemic,” Journal of Physics: Conference Series, vol. 1811, no. 1, e012076, Mar. 2021. https://doi.org/10.1088/1742-6596/1811/1/012076 L. Schollenberg, “Estimating the hedonic price for Fair Trade coffee in Sweden,” British Food Journal, vol. 114, no. 3, pp. 428–446, Jan. 2012. https://doi.org/10.1108/00070701211213519 M. J. Holmes, J. Otero, “Psychological price barriers, El Niño, La Niña: New insights for the case of coffee,” Journal of Commodity Markets, vol. 31, e100350, Sep. 2023. https://doi.org/10.1016/j.jcomm.2023.100350 D. T. Nguyen, C. Y. Hwang, B. L. Le Ngoc, S. Y. Sam, “Data analytics and optimised machine learning algorithm to analyse coffee commodity prices,” International Journal of Sustainable Agricultural Management and Informatics, vol. 8, no. 4, e345, 2022. https://doi.org/10.1504/IJSAMI.2022.126799 Cup of Excellence, Cup of Excellence winners in Colombia 2023 auction, 2024. https://allianceforcoffeeexcellence.org/colombia-2023/ G. C. Chow, “Tests of Equality Between Sets of Coefficients in Two Linear Regressions,” Econometrica, vol. 28, no. 3, pp. 591–605, 1960. https://doi.org/10.2307/1910133 S. Rosen, “Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition,” Journal of Political Economy, vol. 82, no. 1, pp. 34–55, Jan. 1974. https://doi.org/10.1086/260169. Giacaphe, Lam Dong coffee price, 2024. https://giacaphe.com/gia-ca-phe-lam-dong/ T. Mayer, S. Zignago, Notes on CEPII’s Distances Measures: The GeoDist Database, 2011. http://www.cepii.fr/PDF_PUB/wp/2011/wp2011-25.pdf J. E. Houston, M. Santillan, J. Marlowe, “US demand for mild coffees: Implications for Mexican coffee,” Journal of Food Distribution Research, vol. 34, no. 1, pp. 92–98, 2003. https://doi.org/10.22004/ag.econ.27956. J. F. Sánchez Cifuentes, M. M. Cuellar Chaves, Análisis de series de tiempo con métodos econométricos para el control de congestión en redes de telecomunicaciones, Master Thesis, Unicauca, 2018. https://elibro-net.acceso.unicauca.edu.co/es/lc/unicauca/titulos/128023
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dc.rights.none.fl_str_mv	Víctor-Hugo Pinto-Rodríguez, Carlos-Alberto Cobos-Lozada, Adriana-Marcela Nieto-Muñoz - 2025
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spelling	Pinto-Rodríguez, Víctor-HugoCobos-Lozada, Carlos-AlbertoNieto-Muñoz, Adriana-Marcela2025-06-17 00:00:002026-04-16T17:47:41Z2025-06-17 00:00:002025-06-170121-1129https://repositorio.uptc.edu.co/handle/001/2159510.19053/uptc.01211129.v34.n71.2025.180892357-5328https://doi.org/10.19053/uptc.01211129.v34.n71.2025.18089application/pdftext/xmlUniversidad Pedagógica y Tecnológica de ColombiaVíctor-Hugo Pinto-Rodríguez, Carlos-Alberto Cobos-Lozada, Adriana-Marcela Nieto-Muñoz - 2025https://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessThis work is licensed under a Creative Commons Attribution 4.0 International License.http://purl.org/coar/access_right/c_abf2https://revistas.uptc.edu.co/index.php/ingenieria/article/view/18089Coffee priceSustainabilityArtificial intelligencePrecio del caféSostenibilidadInteligencia artificialSystematic Review of Methods for Specialty Coffee Price EstimationArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/articleJournal articleinfo:eu-repo/semantics/publishedVersionTexthttp://purl.org/coar/version/c_970fb48d4fbd8a85J. Norton et al., “A grand challenge for HCI: food + sustainability,” Interactions, vol. 24, no. 6, pp. 50-55, Oct. 2017. https://doi.org/10.1145/3137095Federación Nacional de Cafeteros, Colombia celebra el día nacional del café y 93 años de la Federación Nacional de Cafeteros, 2023. https://federaciondecafeteros.org/wp/listado-noticias/colombia-celebra-el-dia-nacional-del-cafe-y-93-anos-de-la-federacion-de-cafeteros/S. G. Posada, La economía del café: ¿Quién se está quedando el dinero?, 2019. https://quecafe.info/la-economia-del-cafe-quien-se-esta-quedando-el-dinero/I. Perfecto, R. Rice, R. Greenberg, M. Van der Voort, “Shade Coffee: A Disappearing Refuge for Biodiversity,” Bioscience, vol. 46, no. 8, pp. 598-608. https://doi.org/10.2307/1312989Firebird, What is Specialty Coffee?, 2024. https://www.firebirdcoffee.co.uk/blogs/roastersnotebook/what-is-specialty-coffee?srsltid=AfmBOoruVtKvWCcFi_RymlCvbbZusqz9YYHv3mWKEo2XHIKDf0k0YVCJFederación Nacional de Cafeteros, Precio interno de referencia para la compra de café en Colombia, 2023. https://federaciondecafeteros.org/app/uploads/2019/10/precio_cafe.pdfS. Dávila-Hermeling, ¿Cómo se determina el precio del café? Introducción a la bolsa de valores y el mercado de futuros, 2023. https://perfectdailygrind.com/es/2021/03/04/como-se-determina-el-precio-del-cafe-introduccion-a-la-bolsa-de-valores-y-el-mercado-de-futuros/L. Donnet, D. Weatherspoon, J. Hoehn, “Price determinants in top-quality E-Auctioned specialty coffees,” Agricultural Economics, vol. 38, pp. 267-276, May 2008. https://doi.org/10.1111/j.1574-0862.2008.00298.xR. Teuber, R. Herrmann, “Towards a differentiated modeling of origin effects in hedonic analysis: An application to auction prices of specialty coffee,” Food Policy, vol. 37, no. 6, pp. 732-740, 2012. https://doi.org/10.1016/j.foodpol.2012.08.001A. P. Wilson, N. L. W. Wilson, “The economics of quality in the specialty coffee industry: Insights from the Cup of Excellence auction programs,” Agricultural Economics (United Kingdom), vol. 45, no. S1, pp. 91-105, 2014. https://doi.org/10.1111/agec.12132T. Traore, N. Wilson, D. Fields, “What explains specialty coffee quality scores and prices: a case study from the cup of excellence program,” Journal of Agricultural and Applied Economics, vol. 50, no. 3, pp. 349-368, Aug. 2018. https://doi.org/10.1017/aae.2018.5B. Kitchenham, O. Pearl Brereton, D. Budgen, M. Turner, J. Bailey, S. Linkman, “Systematic literature reviews in software engineering-A systematic literature review,” Information and Software Technology, vol. 51, no. 1, pp. 7-15, 2009. https://doi.org/10.1016/j.infsof.2008.09.009W. Mengist, T. Soromessa, G. Legese, “Method for conducting systematic literature review and meta-analysis for environmental science research,” MethodsX, vol. 7, e100777, Dec. 2019. https://doi.org/10.1016/j.mex.2019.100777N. Merbah, S. Benito, “Sustainability labels in the Spanish coffee market: A hedonic price approach,” Spanish Journal of Agricultural Research, vol. 21, no. 1, e19510, 2023. https://doi.org/10.5424/sjar/2023211-19510K. Mekala, V. Laxmi, H. Jagruthi, D. Shiv Ashish, R. Sridevi, Amar Prakash, “Coffee Price Prediction: An Application of CNN-BLSTM Neural Networks,” in International Conference on Advances in Computing, Communication and Applied Informatics, 2023. https://doi.org/10.1109/ACCAI58221.2023.10199369O. Gálvez-Soriano, M. Cortés, “Is there a pass-through from the international coffee price to the mexican coffee market?,” Studies in Agricultural Economics, vol. 123, no. 2, pp. 86-94, 2021. https://doi.org/10.7896/j.2143R. R. Novanda et al., “A comparison of various forecasting techniques for coffee prices,” in Journal of Physics: Conference Series, 2018.C. Deina et al., “A methodology for coffee price forecasting based on extreme learning machines,” Information Processing in Agriculture, vol. 9, no. 4, pp. 556-565, Dec. 2022. https://doi.org/10.1016/j.inpa.2021.07.003X. Xu, Y. Zhang, “Commodity price forecasting via neural networks for coffee, corn, cotton, oats, soybeans, soybean oil, sugar, and wheat,” Intelligent Systems in Accounting, Finance and Management, vol 29, no. 3, pp. 169-181. Jul. 2022. https://doi.org/10.1002/isaf.1519Y. Chaovanapoonphol, J. Singvejsakul, A. Wiboonpongse, “Analysis of exogenous factors to Thailand coffee price volatility: using multiple exogenous Bayesian Garch-X model,” Agriculture, vol. 13, no. 10, e10, Oct. 2023. https://doi.org/10.3390/agriculture13101973C.-N. Wang, M.-C. Yu, N.-N.-Y. Ho, T.-N. Le, “An integrated forecasting model for the coffee bean supply chain,” Applied Economics, vol. 53, no. 28, pp. 3321-3333, Jun. 2021. https://doi.org/10.1080/00036846.2021.1887447A. Acevedo Amorocho, F. E. Ramírez Carreño, D. D. Salcedo Blanco, J. A. Román Ordoñez, “Pronóstico del precio del café: Una propuesta desde los modelos econométricos,” Revista Venezolana de Gerencia, vol. 25, no. 4, pp. 564–578, 2020.A. Rodríguez, M. Melgarejo, “Identification of Colombian coffee price dynamics,” Chaos: An Interdisciplinary Journal of Nonlinear Science, vol. 30, no. 1, e013145, Jan. 2020. https://doi.org/10.1063/1.5119857L. Benavidez, T. Xia, “A Gravity Model of Central American Organic Coffee Trade with the United States,” Journal of Food Distribution Research, vol. 53, no. 1, pp. 33-40, 2022. https://doi.org/10.22004/ag.econ.339667T. N. Le Ngoc et al., “Machine Learning for agricultural price prediction: a case of coffee commodity in Vietnam market,” in IEEE/ACIS 8th International Conference on Big Data, Cloud Computing, and Data Science, 2023, pp. 38-41. https://doi.org/10.1109/BCD57833.2023.10466313Y. A. Herrera-Jaramillo, J. C. Ortega-Giraldo, A. Acevedo-Amorocho, D. Prada-Marin, “Colombian coffee price forecast via LSTM Neural Networks,” in Technological and Industrial Applications Associated with Intelligent Logistics, 2021, pp. 501-517. https://doi.org/10.1007/978-3-030-68655-0_25E. Figueroa-Hernández, F. Pérez-Soto, L. Godínez-Montoya, and R. A. Perez-Figueroa, “Los precios de café en la producción y las exportaciones a nivel mundial,” Revista Mexicana de Economía y Finanzas Nueva Época REMEF, vol. 14, no. 1, Art. no. 1, 2019, doi: 10.21919/remef.v14i1.358.D. G. Ababu, A. M. Getahun, “Time series analysis of price of coffee in case of Mettu town, Ilu Ababor zone, Oromia regional state, Ethiopia,” Asian Journal of Dairy and Food Research, vol. 40, no. 3, pp. 279-284, Jul. 2021. https://doi.org/10.18805/ajdfr.DR-204J. Crespo Cuaresma, J. Hlouskova, M. Obersteiner, “Fundamentals, speculation or macroeconomic conditions? Modelling and forecasting Arabica coffee prices,” European Review of Agricultural Economics, vol. 45, no. 4, pp. 583–615, Sep. 2018. https://doi.org/10.1093/erae/jby010W. S. Nugroho, A. B. Astuti, S. Astutik, “Vector error correction model to forecasting spot prices for coffee commodities during Covid-19 pandemic,” Journal of Physics: Conference Series, vol. 1811, no. 1, e012076, Mar. 2021. https://doi.org/10.1088/1742-6596/1811/1/012076L. Schollenberg, “Estimating the hedonic price for Fair Trade coffee in Sweden,” British Food Journal, vol. 114, no. 3, pp. 428–446, Jan. 2012. https://doi.org/10.1108/00070701211213519M. J. Holmes, J. Otero, “Psychological price barriers, El Niño, La Niña: New insights for the case of coffee,” Journal of Commodity Markets, vol. 31, e100350, Sep. 2023. https://doi.org/10.1016/j.jcomm.2023.100350D. T. Nguyen, C. Y. Hwang, B. L. Le Ngoc, S. Y. 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Systematic Review of Methods for Specialty Coffee Price Estimation

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