exports
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.
Africa’s contribution to global tea production escalates
Africa is home to thirteen tea-producing countries and their tea production is an essential part of the global tea economy, and in fact, represents the biggest share of the world’s tea exports.
The ICO unveils new International Coffee Agreement
The ICO reveals landmark 2022 International Coffee Agreement, formally welcoming the global private sector to key discussions on the future of coffee London.
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.
Coffee prices reach multi-year high hitting 200 US cents/lb mark
The ICO reported that in December 2021 coffee prices broke through the 200 US cents/lb mark in a decade long high.
Coffee prices reach new highs for August 2021
According to the ICO’s latest report, coffee prices reached new highs in August 2021 as concerns about future supply and increasing freight costs remain the key drivers of the market.
Coffee prices jump double digits in May
The ICO reported that coffee prices surged higher in May 2021, showing signs of progressive recovery with revival in demand and concern over Brazil’s upcoming crop.
Coffee prices rally in April 2021
The ICO reports that coffee prices improved in April 2021.
Tetley Tea awards long term logistics & distribution contract to Port of Tyne
The contract covers the movement of thousands of tonnes of raw tea plus finished product each year.
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.
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.