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Coffee prices fall, after reaching 4‐month highs, as market is well‐supplied
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LONDON – The ICO composite indicator rallied briefly to above 135 US cents/lb but quickly fell back to the level of June. This comes...
Coffee prices increase as concerns about Brazil’s 2017/18 crop emerge
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LONDON, UK – The ICO composite indicator price rose above 130 US cents/lb for the first time since April as reports emerged from Brazil about lower yields and quality issues related to the 2017/18 crop. Coffee exports have stabilized in the last two months but cumulative exports remain well above ...
Costa Rica’s production could suffer the consequences of climate change
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SAN JOSÉ, Costa Rica – The production of coffee around the world, including Costa Rica could be affected by climate change, stated experts and authorities in Colombia, which also warned no country is ready to face these problems. Because of how sensitive coffee plants are to small fluctuations in temperature as the temperature goes up ...
ICO’ head says main challenge for the coffee sector is sustainability
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LONDON ─ The Executive Director of the International Coffee Organization, Mr José Sette, gave a speech in the opening ceremony of the World Coffee Producers Forum, which took place in Medellin, Colombia from 10 to 12 July 2017. Mr Sette stressed that ...
ICO head expresses concerns about long-term world coffee supplies
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MEDELLIN, Colombia – The executive director of the International Coffee Organization (ICO) José Sette said on Tuesday that he was "concerned" about global coffee supplies over the next five years because of low prices and climate change. "In many countries, prices are not considered remunerable ...
1st World Coffee Producers Forum kicks off today in Medellin, Colombia
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BOGOTA – Colombia will be this week in the spotlight of the global coffee industry, starting by the producers, who will be the protagonists. Few times, since the end of the International Coffee Agreement between coffee-producing and consuming countries in 1989, when the market was liberalized ...
Arabica prices temporarily under pressure while Robusta gains
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LONDON, UK – The coffee market in June was characterised by high volatility ultimately resulting in a sideways move of coffee prices. While the monthly average of the ICO composite indicator prices was down 2.4% to 122.39 US cents/lb, the difference in price between the opening and the end of the month was minimal.
ICO Executive Director at CeCafé Coffee Summit in São Paulo
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LONDON – The Executive Director, Mr José Sette, made a presentation during the Coffee Summit, organized by the Brazilian coffee exporters association (CeCafé), which took place on 9 June 2017 in São Paulo. In his presentation, which was part of a panel on ‘Challenges to Supply’, the Executive Director presented ...
World coffee exports down 5.3% in April, according to ICO’s monthly data
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LONDON – World coffee exports fell 5.3% in April from a year earlier, according to the latest ICO data. Monthly shipments dropped to 9.5 million bags from over 10 million in 2016. Exports of all coffee groups were down on year. Among Arabicas, Brazilian Naturals reported the biggest drop (-9%) followed by ...
ICCO Cocoa Market Review: Futures prices continue their downward trend
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ABIDJAN – The current review of the cocoa market situation reports on price movements on the international markets during the month of April 2017. Chart I illustrates price movements on the London (ICE Futures Europe) and New York (ICE Futures US) markets in April. Chart II shows the evolution of the ICCO daily price, quoted in ...
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