International Coffee Organization (ICO)
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.
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 stabilised in January, with a slight decrease
Amid fluctuations and a slight price drop, the I-CIP picked up in January.
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.
ICO and illycaffè hold sustainability Colloquium in Rome
On the occasion of the Ernesto Illy International Coffee Award, illycaffè and the International Coffee Organization brought together top experts from key international organizations to look for solutions to tackle climate change.
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.
Costa Rica strives to remain at the top of global coffee map
Costa Rica’s coffee industry has been dealing with a multitude of factors that have negatively affected production, and while these challenges are not going away anytime soon, looking ahead, there is reason to be optimistic.
Arabica prices slip while Robustas record an uptick in final month of CY 2021/2022
ICO’s I-CIP remains range bound since March 2022, averaging 197.13 US cents/lb for the seven months ending in September.