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.
Amid fluctuations and a slight price drop, the I-CIP picked up in January.
Fairtrade International & Bellwether Coffee expand living income pricing to coffee farms in Guatemala
Fairtrade International’s living income strategy has sustainable procurement practices, including the payment of a Living Income Reference Price or LIRP, as a critical enabler of sustainable livelihoods for smallholder farmers.
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.
ICO’s I-CIP remains range bound since March 2022, averaging 197.13 US cents/lb for the seven months ending in September.
Showing its commitment to where its coffee comes from and how it’s sourced, Dunkin’ commits to 100% responsibly sourced coffee by 2025.
The National Coffee Association and the Alliance for Coffee Excellence announced and awarded the 15 winning coffees of the second edition of the One of a Kind auction.
The National Coffee Association of Guatemala (Anacafé) and Alliance for Coffee Excellence (ACE) have come together to launch the second edition of the “One of a Kind Guatemala” auction.
The International Coffee Organisation announced that in February 2021, the ICO composite indicator continued its upward trend.