Coffee prices slip but prices exceed 2021 calendar year average
The ICO reports that average prices for all coffee group indicators decreased in October 2022.
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.
Coffee market lay of the land
Ryan Delany, co-founder of and chief analyst at the Coffee Trading Academy, assesses the recent coffee year (21/22) as it comes to a close (30 September) and offers an outlook on the coming CY (22/23, beginning 1 October).
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.
YACHAK tea launches Amazon photography contest
New photography contest from YACHAK will send one adventurous photographer to the Brazilian Amazon and award them $25,000.
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.
Private label brands enjoy rising popularity in Europe
Private label coffee and tea products are quite well established in Western European retailers, but now their presence is growing is Eastern European retailers as well and moving beyond the ‘lowest price’ option with which they were once primarily known.
Collaborative research underway to support living incomes of Peruvian coffee farmers
Under the framework of the National Coffee Action Plan, leading actors in the coffee value chain have come together to support a living income benchmark study in Peru with the Anker Research Institute.
Vanúsia Maria Carneiro Nogueira first woman to be appointed as executive director of the ICO
With more than twenty years of professional experience in the coffee sector, Nogueira is the first woman to be elected to the position in ICO’s history.
Colcafé recognised with the National Exports Award 2021
Colcafé, Colombian roaster and grinder of coffee blends and manufacturer of instant coffee, has been awarded with a National Exports Award in recognition as an innovative global partner in coffee solutions.
FNC receives Authorized Economic Operator accreditation
FNC, the first large coffee exporter in Colombia, is accredited as Authorized Economic Operator.
Consumers favour ‘new’ teas for mind & body
The pandemic and the sanitary restrictions, with less travel and much working out of home have generated increased demand for cups that bring additional benefits and invite new discoveries.
Inaugural Ecuador Cup of Excellence garners global recognition
The first Ecuador Cup of Excellence (CoE) auction brought in buyers from around the world and surpassed the previous average price per pound record set by the Ethiopia CoE auction earlier in 2021.
Impact wants Medellín to be the centre of specialty coffee
A group of businesses operating within the Colombian specialty coffee industry have announced the launch of Impact, an incubator and collective aimed at helping Medellín become a hub for specialty coffee.