International Coffee Organization (ICO)
Sustainability declaration signed by ICO, GCP and BMZ
The International Coffee Organization (ICO), Global Coffee Platform (GCP), and German Federal Ministry for Economic Cooperation and Development (BMZ) have signed a sustainability declaration.
Robustas hit a 25-year high, averaging 135.47 US cents/lb in December 2023
Robustas grew 10.5% to 135.47 US cents/lb, the highest level since May 1995, while rising tensions in the Red Sea have led some shipping lines to re-route their coffee-carrying vessels as well as add new surcharges.
The ICO and SCA join forces
ICO and SCA forge alliance to enhance sustainability and education in the global coffee sector.
Coffee prices remain stable averaging above 160 US cents/lb in November 2023
The International Coffee Organization Composite Indicator Price averaged 161.53 US cents/lb in November, a 6.3% increase from October 2023.
“The time is now” to invest in regenerative agriculture
Leading coffee experts in a panel discussion at the 8th Ernesto Illy International Award breakfast at the UN appeal to the international financial community to invest in the transition to regenerative agriculture through public-private partnerships.
Global green coffee exports drop 5.5% for CY 2022/23
The ICO reports that NY and London certified trend down as global green coffee exports fall 5.5% to 110.81 bags in coffee year 2022/23.
Coffee co-fermentation gaining traction
To become more innovative and improve the flavour of their coffee, some savvy coffee producers are now experimenting with coffee co-fermentation, which has many benefits, but is not without challenges. By Shem Oirere
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.