Ethiopia
NKG acquires majority stake in the Nordic Approach Group
Green coffee service group, NKG, further expands its worldwide network with the acquisition of the Nordic Approach Group.
Cimbria expands its green coffee activity in South America
Cimbria is expanding its activities in South America, which is expected to be one of its most promising markets.
As consumption continues to rise, the ICO expects another year of supply deficit
With global green bean exports falling 20.23% to 7.94 million bags in February, the ICO sees another year of supply deficit, with a shortfall of 7.3 million bags for CY 2022/23.
Net zero is no longer enough
Although slow-moving and difficult, the path towards regenerative agriculture is paving the way towards net positive. By Anne-Marie Hardie.
ICO reports reduced exports for current coffee year drove up prices in February
Reduced exports for current coffee year drive the ICO’s I-CIP up 11.4% in February 2023.
Coffee prices end 2022 on a stable note
The ICO reported that coffee prices close 2022 securely, coalescing at around 160 US cents/lb.
Despite a 12.3% setback in November, coffee prices stabilised
Although all average prices for all coffee groups fell in November, the I-CIP remained firm posting a median value of 156.83 US cents/lb.
Coffee prices slip but prices exceed 2021 calendar year average
The ICO reports that average prices for all coffee group indicators decreased in October 2022.
Rewriting the carbon story
As awareness continues to grow about the importance of reducing carbon emission, one solution minimising carbon footprints and mitigating the risk of climate change is regenerative agriculture.
The UK’s biggest celebration of coffee is back
Hundreds of coffee shops across the country join together this week to raise funds for coffee growing communities.
Blending, roasting & processing, Business, Origins, Sustainability
Ally Coffee to open an office in Australia & expand operations in Oceania & Asia
Ally Coffee to open a new office in Melbourne, Australia and expand sales and logistics operations to Oceania & Asia.
Robustas made the biggest gains in August, up 9.2%
The ICO reports that low Arabica certified stocks and high volatility add pressure on the I-CIP, closing August at 208.37 US cents/lb.
Coffee prices fall back below 200 US cents/lb in July 2022
The ICO Composite Indicator Price (I-CIP) was down 5.7% from June to July 2022, averaging 190.82 US cents/lb for the latter.
I-CIP rebounds to over 200 US cents/lb for the first time since February
The ICO Composite Indicator Price (I-CIP) gained 4.5% from May to June 2022, averaging 202.46 US cents/lb for the latter. Estimated total production in coffee year 2021-22 remains unchanged at 167.2 million bags, while world coffee consumption is still projected to grow by 3.3% to 170.3 million 60-kg bags in 2021-22.