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.
The ICO composite indicator rallied in November 2019, reaching a 12-month high, even as the Brazilian Real slumped to a record low against the US Dollar.
As the end of the coffee year approaches, world coffee production in coffee year 2018/19 is estimated to be 3.7% higher than in the previous year at 168.87 million bags.
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.
Lavazza will be unveiling its re-launched Classic Collection food service range for preparation in professional settings, at the European Coffee, Tea & Soft Drinks Expo.
Amid an unstable economy, Burundi is working to improve productivity in its coffee sector by strengthening its value chain and implementing better practices. By Gordon Feller