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

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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. […]

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

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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 […]

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Plunge in global coffee prices has got Indian coffee growers and traders worried

The worries of the Indian coffee-growers are likely to increase due to anticipation of ample global supply of coffee, adding to the woes of Indian coffee farmers who are already reeling under the impact of low prices, rising cost of cultivation and an erratic weather pattern. Coffee growers fear that the prevailing bearish trend in […]

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U.S. to withdraw from global coffee agreement

The United States has notified the International Coffee Organization (ICO) that it is withdrawing from the International Coffee Agreement 2007, an international commodity agreement between coffee producing and consuming countries, the ICO said in a statement. The withdrawal from the agreement whose objective is to strengthen the global coffee sector and promote its sustainable expansion, […]

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

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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 […]

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