Study reveals Fairtrade-certified organisations fared better through the pandemic
A new report published by Fairtrade International has confirmed that access to better prices, credit, and financial stability significantly increased the resilience of Fairtrade-certified organisations amid the COVID-19 pandemic.
Arabica prices slip while Robustas record an uptick in final month of CY 2021/2022
ICO’s I-CIP remains range bound since March 2022, averaging 197.13 US cents/lb for the seven months ending in September.
Papua New Guinea creates new Minister for Coffee post
Papa New Guinea announced the creation of the Minister for Coffee role to help the industry grow, with a focus on international exports.
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.
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.
Finding more than coffee at the Specialty Coffee Expo
Thousands of coffee professionals, competitors and enthusiasts eagerly converged in Boston, Massachusetts last weekend (8-10 April) for the Specialty Coffee Expo. Judging by the excitement and energy amongst exhibitors and attendees, the Expo was back in ‘full force’ feeling very much like the ‘pre-Covid’ Expos.
Inaugural Indonesia Cup of Excellence prepares for auction
Cup of Excellence and the Specialty Coffee Association of Indonesia have announced 26 Cup of Excellence and 6 National Winner coffees in the 1st Indonesia Cup of Excellence.
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.
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.
Arabica prices rise in January while Robusta falls
The ICO announced that Arabica prices rose in January, while Robusta prices decreased and stocks for both grew.
Sucafina opens new offices in Indonesia
Sucafina’s new Indonesia-based company works directly with farmers, producers, dry mills and exporters.
Arabica prices rise in December per ICO’s latest report
According to the International Coffee Organisation’s latest report, prices for Arabica group indicators grew in December 2020, with the largest increase occurring for Brazilian Naturals.
November coffee prices rise on concerns over 2021 production
The ICO’s November green coffee report reveals that world coffee production in coffee year 2019-20 decreased although production exceeded global consumption as world coffee demand decreased.
UCC Coffee launches UK’s first blockchain partnership with Farmer Connect
Retailers and consumers are now able to trace UCC’s Orang Utan Coffee – licensed and distributed in the UK – back to its Indonesian origin.