International Coffee Organization (ICO)
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.
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.
The 3rd WCPF addressed the importance of a truly sustainable coffee value chain
The third World Coffee Producers Forum (WCPF) addressed the intersection between coffee farmers’ prosperity and National Coffee Sustainability Plans.
Reviewing Africa’s green coffee trends
Although there have been fluctuations, production in most of Africa’s key coffee-producing countries has remained relatively stable, even during the pandemic.
Collaborative research underway to support living incomes of Peruvian coffee farmers
Under the framework of the National Coffee Action Plan, leading actors in the coffee value chain have come together to support a living income benchmark study in Peru with the Anker Research Institute.
ICO & IDH team up on increasing incomes for smallholder coffee farmers
A new partnership between the International Coffee Organization and IDH – the Sustainable Trade Initiative has been formed to lay the groundwork for living and prosperous incomes for coffee farmers.
Despite conflict in Europe, the ICO CIP rose for 17 straight months in February 2022
The ICO Composite Indicator Price (CIP) rose to 210.89 US cents/lb, a 3.2%, increase month-on-month, in February 2022, which marks 17 consecutive months of growth.
Coffee prices stabilise above 200 US cents/lb
The International Coffee Organization (ICO) announced that coffee prices climbed higher in January 2022, reaching 204.29 US cents/lb.
ICO launches the World Coffee Statistics Database
The key feature of the database is its ability to generate reports on a disaggregated basis, providing in-depth insights into the production, trade, consumption and prices of coffee.
Coffee prices reach multi-year high hitting 200 US cents/lb mark
The ICO reported that in December 2021 coffee prices broke through the 200 US cents/lb mark in a decade long high.
Coffee price rise continues in November, reaching 10-year high
The ICO’s latest green coffee report reveals that coffee prices and world consumption continued on an upward swing in November.
Nigeria officially joins the ICO
The International Coffee Organization (ICO) is welcoming Nigeria as a new member.