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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COMMENTARY – Kerala floods to hit India’s coffee, spices and rubber output hard

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The devastating floods in Kerala have brought the state’s economy to a standstill, with tens of thousands of farmers clueless about their future, as rainwaters have destroyed yearlong plantations, hitting coffee, spices and rubber. “Preliminary findings show that nearly 1,82,000 farmers are directly affected, and nearly 28,150 hectares of farm land are submerged in flood […]

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