Africa
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.
Coffee grown from Tchibo’s Tanzania Coffee Club is now available
At Tchibo’s sustainability project “Tanzania Coffee Club,” pupils learn methods for sustainable coffee cultivation and cultivate their own coffee plants.
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.
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.
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.
The complicated task of categorising ‘specialty’ tea
In a highly complex market, the Western specialty tea stakeholders are striving to achieve a unified operational framework for ‘specialty’ tea – a high added value segment – to ensure a level playing field for the global value chain.
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.
Gesha Village Estate fetches record price paid for Ethiopian Coffee
Gesha Village Estate achieves African record auction coffee price of $254 per pound at the 2022 Pride of Gesha Coffee Auction.
I-CIP rebounds to over 200 US cents/lb for the first time since February
The ICO Composite Indicator Price (I-CIP) gained 4.5% from May to June 2022, averaging 202.46 US cents/lb for the latter. Estimated total production in coffee year 2021-22 remains unchanged at 167.2 million bags, while world coffee consumption is still projected to grow by 3.3% to 170.3 million 60-kg bags in 2021-22.