International Coffee Organization (ICO)
Arabicas drop slightly while Robustas remain firmly above 120.00 US cents/lb
The ICO reports that Arabicas drop while Robustas remain above 120.00 US cents/lb in September; world economies and rising costs of living expected to impact consumption.
ICO and GCP renew commitment to coffee sustainability collaboration
The memorandum of understanding (MoU), renews and expands their special partnership within the CPPTF, in an effort to accelerate coffee sustainability, farmer prosperity, and address systemic sustainability issues facing coffee farming communities around the world.
Mitigating trade risks in the global coffee supply chain
The direct trade model represents not just a business strategy, but a holistic approach to reshaping the way commerce is viewed. However, the interest in direct trade is often overshadowed by the perceived risks. By Brianna Dickey
Robusta prices hit near record highs in August
The International Coffee Organization reports that Arabica-Robusta price movements recouple in August — Robustas remain at near record highs.
The ICO and ILO mark International Coffee Day by promoting workers’ rights
On this year’s International Coffee Day (ICD) – 1 October 2023 – the ICO and ILO are launching campaign around the theme “promoting the right to a safe and healthy working environment in the coffee supply chain.”
The threat of climate change looms ever larger over the coffee industry
The recent extreme weather worldwide is driving home the threat global warming is posing to the coffee industry. As it is, the industry is vulnerable to such threats, therefore changes are necessary to safeguard it for the future.
ICO reports coffee prices recover in July after first falling
For the I-CIP and Arabicas prices, July was a month of two halves: losses followed by recoveries, while Robustas once again performed the best, recording a small decline.
Robusta prices hit a 28-year in June
The ICO reports that Robustas reached a 28-year high in June amid further narrowing of the Arabica-Robusta differentials.
Switzerland becomes first country to ratify the ICA 2022
Switzerland has officially become the first country to ratify the ICA 2022, approved by Members of the International Coffee Organization (ICO) in June 2022.
Upping the game in instant coffee
A new methodology assesses the quality of instant coffee by its attributes and intensity and not by scores, developed by ABICS. By Vanessa L Facenda
Achieving responsible coffee sourcing
Although the concept of responsible sourcing to benefit coffee farmers remains high, the actual practice appears to still be low. By Shem Oirere
April coffee prices rise on the heels of decreasing exports
In its latest report, the ICO stated that the I-CIP expanded to 178.57 US cents/lb in April 2023, supported by decreasing exports.
UK government signs International Coffee Agreement
DEFRA Minister Mark Spencer signs the 2022 International Coffee Agreement on behalf of the UK Government.
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.