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 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.
This year’s 20th edition of the competition has seen the announcement of 25 winners.
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.
Together with partners and customers, Neumann Kaffee Gruppe has raised funds of more than $272,000 to repair damages in Honduras caused by hurricanes Eta and Iota.
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.
The funds have been earmarked for the rehabilitation of roads in 11 coffee-growing communities in Nicaragua and Honduras.
Dunkin’ has shared some of the latest ways it is continuing its commitment to coffee sustainability in 2021, furthering ongoing efforts to make a meaningful difference in the lives and livelihoods of coffee farmers and producers.
The ICO announced that Arabica prices rose in January, while Robusta prices decreased and stocks for both grew.