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.
Reduced exports for current coffee year drive the ICO’s I-CIP up 11.4% in February 2023.
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.
Increased consumer awareness regarding sustainability combined with rising energy costs and global conflicts and economic challenges are fuelling the demand for more energy-saving and efficient roasting machines.
ICO’s I-CIP remains range bound since March 2022, averaging 197.13 US cents/lb for the seven months ending in September.
Ally Coffee to open a new office in Melbourne, Australia and expand sales and logistics operations to Oceania & Asia.
Digital Coffee Future held a series of webinars earlier this year that sought to explore the intersection between logistics and technology in the coffee industry. The article below discusses several of the topics addressed in the three webinars.
T&CTJ, collaborating with Firsd Tea, created what we believe is the ‘first of its kind’ tea survey to gauge sustainability perceptions of the tea industry among business leaders in tea, coffee and related industries. This article is the second in a three-part series that outlines some of the initial findings from the survey.
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.
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.
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 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.
The store in Togane City is the second in Japan to be certified under the Greener Stores Framework, aimed at accelerating the transformation of retail towards lower-impact stores.