green coffee
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.
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.
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.
Reviewing Africa’s green coffee trends
Although there have been fluctuations, production in most of Africa’s key coffee-producing countries has remained relatively stable, even during the pandemic.
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.
Peet’s Coffee achieves 100% responsibly sourced coffee across 24 regions
Peet’s Coffee announced that it has achieved 100% responsibly sourced coffee across 24 regions, per Enveritas standards.
Olam specialty coffee expands eCommerce presence to Europe
Green coffee importer, Olam Specialty Coffee, has announced the expansion of its eCommerce presence into European markets.
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.
New tech platform directly links coffee producers and roasters
Paving the way for 100% direct trade for green coffee distribution, Typica, the online platform connecting producers and roasters, is now available in the UK.
Blending, roasting & processing, Business, Origins, Sustainability
Caravela Coffee becomes world’s first green coffee trader to achieve Carbon Neutral Silver Standard
Caravela Coffee has become the world’s first green coffee trading company to achieve Carbon Neutral Standard for its operations across the globe and join the United Nations Climate Neutral Now Initiative.
The SCA launches a new virtual Green Coffee Summit
The Specialty Coffee Association (SCA) today announced it is hosting a virtual Green Coffee Summit in August.
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.
Ally Coffee announces new warehouse location with Vollers UK
Located just outside of Bury St Edmunds, the new warehouse will make green coffee access and warehousing services even more accessible for roasters across the UK and Northern Ireland.
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.