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.
Nestlé invests $340million in new Nescafé coffee factory in Mexico
The plant will create 1,200 new jobs in the region and makes Mexico Nestlé’s main coffee producer globally.
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.
Sponsored: To caffeine or not to caffeine…
Descamex highlights its main goal of offering a great tasting decaf coffee.
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.
Phenolaeis launches new instant coffee with palm fruit extract
Palm fruit extract adds cognitive, cardiovascular and sports nutrition support to coffee while enhancing and smoothing the flavour, according to Phenolaeis.
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.
Nescafé to improve more lives through the power of coffee
Nestlé has pledged to increase its sustainability efforts in relation to the Nescafé brand, with just one of the goals being to make Nescafé coffee 100% responsibly sourced by 2025.
The coffee partnership driving landscape-level sustainability in Mexico
The partnership between Olam Coffee, part of Olam Food Ingredients, and the Rainforest Alliance in Mexico is part of the Alliance for Sustainable Landscapes and Markets, funded by USAID, which is working to conserve biodiversity and provide sustainable farmer livelihoods in the biological corridor of the La Frailescana region of Chiapas.
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.
ICO reports September 2020 coffee exports rose, but 2019-20 shipments fell
The International Coffee Organisation has issued its October coffee report, which shows mixed results.
ICO reports that August marks the second consecutive monthly rise in coffee prices
In its latest report, the International Coffee Organisation (ICO) revealed that all group indicator prices rose in August 2020 for the second consecutive month.