Global coffee consumption may exceed production in 2019–20: ICO

IMG_1334.jpg

Global coffee consumption will exceed production in the 2019 to 2020 coffee year, creating a global deficit of about 502,000 bags, the International Coffee Organization (ICO). “Despite a slowdown in growth, consumption is predicted to overtake production during the course of the year,” the report said. World production in coffee year 2019/20 is projected to […]

Read more

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

IMG_1393.jpg

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 […]

Read more

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

IMG_1393.jpg

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 […]

Read more

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

IMG_1393.jpg

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 […]

Read more

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

IMG_1393.jpg

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 […]

Read more

Global coffee prices fall to 11-year lows in July on ample supplies, larger crop estimate – ICO

IMG_1393.jpg

Coffee prices, which have fallen consistently over the course of coffee year 2017/18, with decreases recorded in seven out of the last ten months, fell by an average 2.9% to 107.20 US cents/lb in July 2018 — the lowest monthly average for July since 2007, the International Coffee Organization (ICO) said in its latest report. […]

Read more

World coffee exports down 12.4% in May 2018; India’s shipments tad lower at 631000 bags – ICO

IMG_1393.jpg

Members of the International Coffee Organisation (ICO) exported 9.270 million 60-kg bags of Coffee in May 2018, down 12.4 per cent from 10.585 million in the same month last year, ICO data showed. Exports in the first 8 months of coffee year 2017/18 (Oct/17 to May/18) have decreased by 0.5 per cent to 79.94 million […]

Read more

Global coffee market settled lower in February amidst strong global exports – ICO

IMG_1393.jpg

The International Coffee Organization (ICO) said its composite indicator price declined by 1.2% in February 2018 to an average of 114.19 US cents/lb. Indicator prices for all three Arabica groups fell in February 2018 while the indicator price for Robusta increased slightly by 0.7% to an average of 89.24 US cents/lb, it said in its […]

Read more