Lower production, rising domestic consumption hit India’s coffee exports; global shipments up – ICO

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India’s coffee shipments fell by 10.7% to 598,240 bags in April 2019, while its exports in the first seven months decreased by 9.9% to 3.55 million bags, according to the International Coffee Organization (ICO). The latest ICO monthly report said that lower production coupled with rising domestic consumption has led to a decrease in coffee […]

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ICO raises 2018-19 global coffee surplus forecast

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The International Coffee Organization (ICO) has raised its forecast for global coffee production in 2018/19 to 168.05 million 60-kg bags from its earlier estimate of 167.47 million. World consumption in coffee year 2018/19 is estimated at 164.99 million bags compared to 161.38 million bags in 2017/18. The inter-governmental body now sees a global surplus of […]

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Global coffee demand continues to rise, but small farmers poorly off as prices fall – ICO

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World coffee consumption is continuing to grow at a healthy rate of 2% annually, but millions of coffee growers are selling their coffee at prices that have fallen by over 30% over the last two years, the International Coffee Organization (ICO) said. Currently, many farmers are unable to cover even their production costs. The consequences […]

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World coffee exports up 2.6 pct year-on-year in Jan 2019 , says ICO

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World coffee exports amounted to 11.06 million bags (184,314 metric tons), in January, up 2.6% higher from January 2018, the International Coffee Organization (ICO) said in a report, adding that shipments of Brazilian Naturals, Colombian Milds and Robusta rose by 12.8% to 3.51 million bags, 14.5% to 1.31 million bags and 3.2% to 4.43 million […]

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Extreme weather adversely impacts coffee output in last 4 years

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Coffee-producing South Indian states have been witnessing a series of extreme weather events in the last four years. Extreme rainfall causing heavy flood and large-scale landslides in August 2018 in coffee producing areas of Kerala and Karnataka led to a dip of around 20 per cent in the total coffee production. South Indian states like […]

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Coffee prices fell to 57-month lows in August on expectations of bumper harvest – ICO

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Coffee prices continued their downward trend as the monthly average of the ICO composite indicator fell to 102.41 US cents/lb in August 2018, 4.5% lower than in July 2018 and 20.1% lower than in August 2017, the International Coffee Organization (ICO) said in its latest market report, “This represents the lowest monthly average composite indicator […]

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