Africa
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.
Starbucks Reserve Roasteries launches new All Across Africa merch collection
The new merchandise is made by women working with All Across Africa, an organization helping artisans in rural Africa bring their products to the global marketplace.
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.
Africa’s contribution to global tea production escalates
Africa is home to thirteen tea-producing countries and their tea production is an essential part of the global tea economy, and in fact, represents the biggest share of the world’s tea exports.
Coffee prices rally in April 2021
The ICO reports that coffee prices improved in April 2021.
Coffee prices rise but fall towards end of March
According to the ICO’s latest report, coffee prices rose slightly – up 0.8% – in March versus February, confirming an upward trend over the last five months, representing the highest monthly average since coffee year 2017-18.
Ditta Artigianale promotes Muthunzuuni from Kenya in third stage of coffee stories around the world
In Ditta Artigianale’s specialty coffee spotlight this month is Muthunzuuni: a variety of excellence from Martin Shabaya, the three-time Kenyan barista champion.
Lavazza reaffirms sustainability commitment with La Reserva de iTIERRA! relaunch
Lavazza is reaffirming its commitment to sustainable production and coffee farmer welfare with the relaunch of its premium range of sustainable, quality blends for coffee professionals.
Equipment & packaging, Origins, Product news, Sustainability
ICO composite indicator increases for the 4th consecutive month
The International Coffee Organisation announced that in February 2021, the ICO composite indicator continued its upward trend.
History made with top price set for Tanzanian coffee
Ngorongoro Coffee Group hit a record-smashing price of $65.00/lb set for Tanzania coffee at the first ever Alliance for Coffee Excellence (ACE) Ngorongoro Tanzania Private Collection Auction.