International Coffee Organization (ICO)
In its newest report, the International Coffee Organisation (ICO) announced that while all Arabica groups trended downward in May 2020, the Robusta group indicator rose by 0.9% to 64.53 US cents/lb.
In its newest report, the International Coffee Organisation (ICO) reported that the volatility of all coffee group indicators grew in April 2020.
In March 2020, prices for all Arabica group indicators increased due to concerns over the availability of that type of coffee while Robusta prices fell, according to the International Coffee Organisation’s (ICO) latest report.
The ICO composite indicator continued to rise in December 2019, ranging between 111.80 and 123.69 US cents/lb and peaking at 123.69 US cents/lb on 16 December 2019.
While the global merchandising of food commodities remains strong, safety and quality standards between countries differs greatly. Food exporters and importers should evolve trade rules, unify inspection processes and synchronize food related statutes. By Logan Portmann