This article examines distributional implications of the restructuring of international coffee markets that has occurred since the collapse of the International Coffee Agreement in 1989 and market liberalization in coffee producing countries under structural adjustment programs. It is argued that increased financial investment on international commodity exchanges, together with market liberalization, have given rise to opportunities and challenges for actors in the coffee industry. Given the heterogeneity of market actors, these tend to exacerbate inequalities already present in the structure of production and marketing of coffee.JEL classification: L11, O13, G19

The COVID-19 pandemic has confirmed the relevance of social reproduction as a key analytical lens to interrogate contemporary capitalist processes. Building on insights from distinct theoretical traditions, in this introductory contribution to the special issue in Feminist Global Political Economies of Work we propose social reproduction as a prism to examine labour and work in the Global South from a feminist standpoint. We develop a social reproduction-centred methodology to the study of labour processes and relations, based on combined insights from Feminist IPE (FIPE), Feminist Economics (FE), and Feminist Political Economy of Development (FPED). Insights from these three disciplinary frontiers of feminist work are wellequipped to analyse the complexities of labouring in the Global South and how reproductive dynamics co-constitute the 'everyday' in the global economy in manifold ways. These include relations with the state and ('crisis' of) care provisions; the blending of productive and reproductive temporalities of work across labour processes; the continuum of paid/unpaid work within and beyond the household; and novel global processes of commodification of life and the everyday. In setting the contours of this ambitious agenda, we reflects on the complexity of feminist research methods; on positionality and ethics.

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Restructuring of global and local markets has led to an increased influence of commodity derivatives markets on commodity price setting. This has critical implications for price risks experienced by actors along commodity chains. Commodity derivatives markets have undergone significant changes that have been referred to as the ‘financialization of commodities’, which we define as an increase in trading activity by financial investors and the reorientation of business strategies by commodity trading houses towards risk management and financial activities. This article assesses how these global financialization processes affect commodity producers in low‐income countries via the operational dynamics of global commodity chains and national market structures. It investigates how prices are set and transmitted and how risks are distributed and managed in the cotton sectors in Burkina Faso, Mozambique and Tanzania. It concludes that uneven exposure to price instability and access to price risk management have important distributional implications. Whilst international traders have the capacity to deal with price risks through hedging, in addition to expanding their profit possibilities through financial activities on derivatives markets, local actors in producing countries face the challenge of increased short‐termism — albeit to different extents depending on national market structures — with limited access to risk management.

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