The contract covers the movement of thousands of tonnes of raw tea plus finished product each year.
The International Coffee Organisation announced that in February 2021, the ICO composite indicator continued its upward trend.
The ICO announced that Arabica prices rose in January, while Robusta prices decreased and stocks for both grew.
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.
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.
The International Coffee Organisation has issued its October coffee report, which shows mixed results.
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.