Until a few years ago, traders would usually get paid within 30 days. To raise cash JAB lengthened payment terms to up to 300 days.
直到几年前，贸易商通常将在30天内收到付款 。为了集资，JAB将支付期限延长至了300天 。
Finding financing to cover the gap has squeezed traders' slender margins.
"These guys have money, but they're not banks," says Oscar Schaps of INTL FCStone, a brokerage.
The banks lending to traders may take into account the financial position of their biggest customers.
So the traders' borrowing costs could rise if the roasters' credit standing were to deteriorate.
Big traders, such as Swiss-based ECOM or Germany's Neumann, face a less favourable balance of power.
They rely on the big buyers in a fragmented industry. JAB's tactics are compounding other problems.
他们依靠零碎行业中的大买家 。JAB的战术夹杂着其他问题 。
Bumper harvests have pushed bean prices below $1.20 a pound, forcing farmers to sell at a loss. Traders are also struggling to cover costs.
大丰收将咖啡豆价格压低1.2美元每镑，迫使农民亏本售卖 。贸易商也挣扎着弥补成本 。
Some could see their best staff leave. Andrew Kerr, a headhunter, says salaries are "starting to ease off" in Geneva, the world's centre for coffee trading.
一些贸易商可能眼睁睁的看着他们的优秀员工离职 。猎头安德鲁·克尔表示，在世界咖啡贸易中心日内瓦，工资“开始下降” 。
One answer for traders may be greater scale. Consolidation would allow costs to be cut while increasing negotiating power.
More investment in storage, ports and transport would help them take greater advantage of arbitrage opportunities across the globe.
That should position them well to meet Asia's growing thirst for instant coffee.
Another strategy would be to capitalise on the trend for pricey gourmet brews that boast traceability and sustainability.
Small independent roasters have sprung up in richer cities. They are looking for specialist traders with direct links to farmers.
小型独立的烘焙商已经在更加富裕的城市中兴起 。他们正在寻找能和农民取得直接联系的专业交贸易商 。
The dominant roasters have also woken up to high-end coffee. Nestlé paid around $425m in 2017 for Blue Bottle, a fancy Californian chain.
占主导地位的咖啡烘焙商也已经察觉到了高端咖啡 。2017年，雀巢以4.25亿的价格收购加利福尼亚精品咖啡连锁Blue Bottle 。
Supplying them with top-quality beans may be another way for traders to escape the grind.
Vacations have lengthened and the work week has shortened.
2.take into account 考虑
Take into account your own strengths and weaknesses
3.financial position 财务状况
Companies should be made to reveal more about their financial position
4.ease off 缓和
Having a cup of coffee can ease off your pressure.