The course begins with a basic background on coffee price fluctuations (volatility) and the risks that coffee price volatility creates for coffee market participants. The course then focuses on ways in which businesses can calculate and monitor their risk positions. Methods to mitigate or reduce price risk by hedging positions through physical and/or financial hedging strategies are presented in the next section. The course concludes with a "best practice" guide to effective price risk management and a review of products and services to control exposure to risk.