Africa
Robustas outperformed all groups of coffee in September, expanding 12.8%
The ICO reported that Robustas led all groups of coffee while the New York and London ICE markets were drivers of growth in September.
Birchall Tea partners with African conservation charity
UK-based Birchall Tea has commenced a new partnership with Tusk, an African wildlife conservation charity that accelerates the impact of African-driven wildlife conservation.
Cameroon’s coffee supply chain to be digitised and made EUDR compliant
Dimitra, a blockchain-based operating system for agricultural technology, and Arasco Food BV, an international food trading corporation, will collaborate on the pilot project.
Promising new green tea markets offset maturing ones
Although consumption in China and Japan has declined over the past few years, it has been offset by consumption growth in new markets such as Africa, India, Europe and North America. By Eugene Gerden
Robusta prices reach 45-year high in April
The ICO reports that Robustas price rose nearly 17% in April, hitting its highest level since July 1979 while green bean exports of Robustas grew 7.8%.
ICO reports that Robusta levels surge; South America exports jump 41.7%
The ICO Composite Indicator Price grew solidly in March, with the Robustas leading the way.
Farmers look to organic certified coffee for higher earnings in Africa
Organic farming is in its infancy in Africa, but producers, especially those in East Africa, realise they can fetch high premium prices for coffee grown without the use of pesticides, herbicides and artificial fertilisers. By Shem Oirere
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.
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.
Browns completes acquisition of James Finlay Kenya
Browns Investments PLC has announced the completion of its acquisition of Kenyan tea estates business, James Finlay Kenya, from Finlays.
Uganda devises a roadmap to transform its coffee industry
Despite its high coffee export volumes, Uganda has a low profile in the global market — but the country aims to gain greater recognition internationally and increase exports, and has outlined an ambitious ‘coffee roadmap’ to accomplish this. By Vanessa L Facenda
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.
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.
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.