Last week, the Tea and Herbal Association of Canada (THAC) held a two-day virtual North American Tea Conference under the theme, “The Present Reimagined.” The event offered a strong mix of presentations covering the impact of Covid-19 on Canadian consumption trends, consumer behaviour and purchasing patterns, as well as the pandemic’s effect on the global tea industry.
In its latest report, the International Coffee Organisation (ICO) revealed that all group indicator prices rose in August 2020 for the second consecutive month.
The International Coffee Organisation (ICO) reported that prices for all coffee groups rose in July 2020 following three months of declines, though the largest month-on-month increase occurred for Brazilian Naturals.
In its June green coffee report, the International Coffee Organisation (ICO) announced that prices decreased for the third consecutive month.
In its newest report, the International Coffee Organisation (ICO) announced that while all Arabica groups trended downward in May 2020, the Robusta group indicator rose by 0.9% to 64.53 US cents/lb.
In its newest report, the International Coffee Organisation (ICO) reported that the volatility of all coffee group indicators grew in April 2020.
In March 2020, prices for all Arabica group indicators increased due to concerns over the availability of that type of coffee while Robusta prices fell, according to the International Coffee Organisation’s (ICO) latest report.
While the global merchandising of food commodities remains strong, safety and quality standards between countries differs greatly. Food exporters and importers should evolve trade rules, unify inspection processes and synchronize food related statutes. By Logan Portmann
In May 2019, the monthly average of the ICO composite indicator fell to 93.33 US cents/lb in May 2019, 1.2% lower than in April 2019.