International Coffee Organization - What's New_Education & Science

About UsMission2007 Agreement2007 AgreementDepositary/membershipBenefits of membershipMembersOffice HoldersExecutive DirectorGovernanceHistoryAnnual ReviewWhat We DoGood Hygiene PracticesPublic-Private PartnershipsProjectsImproving QualityPromotionSustainable coffeeDiversificationConsultationsPrivate sectorLibrary & InformationDisseminating knowledgeFood SafetyMeetings and DocumentsCouncil DocumentsInternational Coffee DayGlobal Coffee ForumThe Coffee SessionsWorld Coffee ConferencesSeminars & WorkshopsCalendar: Global Coffee EventsCalendar: ICO EventsConsultative Forum on Coffee Sector Finance9th Consultative Forum8th Consultative Forum7th Consultative Forum6th Consultative Forum5th Consultative Forum4th Consultative Forum3rd Consultative Forum2nd Consultative Forum1st Consultative ForumCoffee Market ReportStatisticsCoffee PricesHistorical DataTrade Statistics TablesAbout StatisticsResearchContact UsGetting to the ICOICO staffMedia enquiriesVacanciesICO Internship ProgrammeLinksFAQsI-CIP rebounds in March 2022 on sustained demandFind out more in the ICO's latest analysisCoffee Development Report 2020The International Coffee Organization (ICO) is proud to release it's flagship report the Coffee Development Report 2020 (CDR2020) on the topic of �The Value of Coffee: Sustainability, Inclusiveness, and Resilience of the Coffee Global Value Chain�.Read it hereImpact of covid-19 on the global coffee sector: Survey of ICO exporting MembersRead researchICO report on 'Volatile coffee prices: COVID-19 and market fundamentalsRead report hereIntroducing 'Coffee's Next Generation'Learn moreICO�s Public-Private Task Force Shifts the Future of the Coffee Sector Towards a Prosperous Income for Coffee FarmersLearn moreCoffee Development ReportGrowing for Prosperity: Economic viability as a catalyst for a sustainable coffee sectorDownload Here‹› What's NewI-CIP rebounds in March 2022 on sustained demand�The ICO Composite Indicator Price (I-CIP) gained 1.8% from March to April 2022, averaging 198.37 US cents/lb for the latter. �Global exports of green beans in March 2022 totalled 11.79 million 60kg bags, compared with 11.48 million bags in the same month of the previous year, up 2.6%. The Brazilian Naturals and Robustas were the main forces behind the increase, shipping 3.58 million bags and 4.65 million bags of green beans in March 2022 as compared with 3.44 million bags and 4.31 million bags in March 2021, respectively, up 3.9% and 7.8%. Find out more in the ICO's latest Coffee Market Report>>>Coffee Prices readjust whilst Certified Stocks growThe ICO Composite Indicator Price (CIP) for March averaged 194.78 US cents/lb 2022, a fall of 7.6% in comparison with the previous month, breaking a streak of 17 consecutive months of increases. Every group of coffee recorded a reduction over the previous month, with Brazilian Naturals presenting the highest reduction of 9.4%. The average of the 2nd and 3rd position of the New York futures market decreased by 9.4% from 245.38 in February 2022 to 222.44 US cents/lb in March 2022. Arbitrage between London and New York futures markets shrank by 12.1%, falling from 144.81 US cents/lb in February to 127.23 US cents/lb in March 2022. The differential between the Colombian Milds and Other Milds continue to increase for the eighth consecutive month, rising to 27.33 US cents/lb in March 2022. Find out more in the ICO's latest Coffee Market Report>>>Despite conflict in Europe, the Composite Indicator Price increased for 17 straight months in ...In response to the outbreak of a military conflict involving Russia and Ukraine on 24 February, the average New York and London futures market prices for coffee fell by 3.1%, the largest daily decrease since 30 July 2021, when it dropped by 6.9%. The ICO Composite Indicator Price also decreased, falling by 3.7%, the biggest downturn since 20 December 2021. However, the ICO Composite Indicator Price (CIP) rose to 210.89 US cents/lb, a 3.2%, increase month-on-month, in February 2022. This marks 17 consecutive months of increase. Find out more in the ICO's latest Coffee Market Report>>>Coffee prices stabilize above the 200 US cents/lb mark.Coffee prices climbed higher in January 2022, reaching 204.29 US cents/lb, as the consistent rise observed in 2021 continues. The ICO Composite price has shown a continuous month on month increase for 16 months in a row. The intra-day volatility of the ICO composite indicator price decreased by 1.8 percentage points to 8.3% in January 2022. The arbitrage between Arabica and Robusta coffees, as measured on the New York and London futures markets, increased by 3.9% to 135.07 US cents/lb in January 2022. Within the space of a year arbitrage between the two futures markets has doubled, from 67.05 US cents/lb in January 2021 to 135.07 in January 2022. Certified stocks on major coffee exchanges continued to decline in January 2022, falling by 16.2% and 5.4% in New York and London, respectively. Find out more in the ICO's latest Coffee Market Report>>>Coffee price breaks through the 200 US cents/lb mark in a decade long highIn December 2021, coffee prices reached a new multi-year high as the monthly average of the ICO composite indicator price broke through the 200 US cents/lb mark, averaging 203.06 US cents/lb. Thus, this is an increase of 4.0% as compared to 195.17 US cents/lb in November 2021. The price levels during coffee year 2021/22 so far mark a return to the higher levels experienced in 2011. Find out more in the ICO's latest Coffee Market Report>>>Coffee price rise continues in November reaching a 10-year highIn November 2021, coffee prices reached new multi-year highs, as the monthly average of the ICO composite indicator price was 195.17 US cents/lb, an increase of 7.5% as compared to 181.57 US cents/lb in October 2021. These price levels during coffee year 2021/22 mark a significant and steady recovery from the low levels experienced over the four preceding coffee years. Find out more in the ICO's latest Coffee Market Report>>>Coffee price rise continues in October despite improved weather conditions in BrazilIn October 2021, coffee prices reached new multi-year highs, as the monthly average of the ICO composite indicator price was 181.57 US cents/lb, an increase of 6.8% as compared to 170.02 US cents/lb in September 2021. These price levels during coffee year 2020/21 mark a significant recovery from the low levels experienced over the three preceding coffee years. Find out more in the ICO's latest Coffee Market Report>>>Coffee prices underwent further increases in September 2021 but volatility ...In September 2021, coffee prices reached new record highs as the monthly average of the ICO composite indicator price was 170.02 US cents/lb, an increase of 6.2% as compared to 160.14 US cents/lb in August 2021. These price levels during coffee year 2020/21 confirmed a net recovery from the low levels experienced over the last three coffee years. The coffee market continued to be driven by weather in Brazil and by covid-related disruptions affecting trade in Asia.In terms of market fundamentals, exports of all forms of coffee by all exporting countries to all destinations totalled 10.1 million 60-kg bags in August 2021, the same level as in August 2020. Total exports of all forms of coffee over the first 11 months of coffee year 2020/21 (October 2020 � August 2021) amounted to 118.96 million bags, an increase of 1.9% compared with 116.77 million bags during the same period in coffee year 2019/20. Cumulative exports from September 2020 to August 2021 are estimated at 129.55 million 60-kg bags, an increase of 2.1% compared with the 126.85 million bags recorded from September 2019 to August 2020. Global coffee consumption for coffee year 2020/21 is estimated at 167.26 million bags, an increase of 1.9% over 164.13 million bags recorded in coffee year 2019/20. The projection for total production in coffee year 2020/21 is 169.64 million bags, representing a marginal increase of 0.4% on the 169.0 million bags harvested in coffee year 2019/20. The projected total production of coffee year 2020/21 is 8.6% above the average of the last 10 coffee years. However, concerns over the supply from main origins still remain as climate-related shocks and covid-related disruptions continue to affect trade flows in many countries. Find out more in the ICO's latest Coffee Market Report>>>Coffee prices reached new highs in August 2021 as concerns about ...In August 2021, coffee prices recorded the tenth consecutive month of increase, sparked by the concerns over supply, due to climate adverse conditions in major producing countries and increasing freight costs coupled with covid-19 lockdown restrictions disrupting trade flows in Asia. The monthly average of the ICO composite indicator increased by 5.2% to 160.14 US cents/lb in August 2021 from 152.24 US cents in July 2021. The level reached in August 2021 represented an increase of 51.3% since the start of the current coffee year. Prices of Arabica coffee have recorded substantial increases while those of Robusta coffee registered a moderate upturn. Concerns over the size of the next Brazilian crop, exacerbated by the recent frost, have led to record high volatility of the spot and futures prices. Find out more in the ICO's latest Coffee Market Report>>>Trade Statistics � June 2021�World coffee exports amounted to 11.20 million bags in Jun 2021, compared with 10.76 million in June 2020. �Exports in the first 9 months of coffee year 2020/21 (Oct/20 to June/21) have increased by 2.5% to 98.55 million bags compared to 96.15 million bags in the same period in 2019/20. �In the twelve months ending June 2021, exports of Arabica totalled 82.80 million bags compared to 79.58 million bags last year; whereas Robusta exports amounted to 46.93 million bags compared to 49.43 million bags. Find more facts and figures about Coffee Trade Statistics>>Prices for Arabica coffee in July 2021 surged to the highest levels since November 2014 as ...Coffee prices continued to increase in July 2021, with the Arabica variety reaching its highest levels since November 2014, as concerns grew about the current and future availability of many origins, especially the world�s largest producer, Brazil, which suffered a severe frost on July 20. As a result, market volatility increased. The monthly average of the ICO composite indicator reached 152.24 US cents/lb in July 2021, its highest level since 162.17 US cents/lb recorded in November 2014. Compared with the monthly average in October 2020, the beginning of the current coffee year, the level reached in July 2021 represents an increase of 43.8%. Prices of all four groups of coffee have recorded substantial increases. This upward trend of coffee prices over the first 10 months of coffee year 2020/21 seems to confirm a net recovery from the low-price levels that have dominated the world market since coffee year 2017/18. The price performance has also been driven by brighter prospects for demand, as pandemic-related restriction measures are being removed in major consuming markets and the development of vaccination programmes is enabling a progressive return to normal economic activity. Find out more in the ICO's latest Coffee Market Report>>>>Coffee prices rallied in April 2021 amid an anticipated decline in production and signs of economicIn April 2021, the ICO composite indicator rose by 1.4% to 122.03 US cents/lb as prices for all group indicators increased. Over the last six months, coffee prices have recorded a steady increase in monthly averages despite a few daily slumps. Relatively firm prices seem to encourage sales as world coffee exports amounted to 11.9 million 60-kg bags in March 2021, 2.4% higher than in March 2020. Shipments in the first half of coffee year 2020/21 increased by 3.5% to 65.4 million bags compared to 63.2 million bags recorded over the same period in coffee year 2019/20. However, cumulative exports from April 2020 to March 2021 are provisionally estimated at 129.5 million bags, a 1% decrease compared with the 130.8 million bags recorded from April 2019 to March 2020. World consumption for coffee year 2020/21 is projected at 166.3 million bags, an increase of 1.3% on its level of 164.2 million bags in coffee year 2019/20. The ICO has revised its production estimate for the current coffee year downwards, owing to Brazil�s smaller 2021/22 Arabica crop. Despite this, world consumption is forecast to remain at 2% below total production of 169.6 million bags in coffee year 2020/21. Find out more in the ICO's latest Coffee Market Report>>>Coffee prices rise but falter towards end of monthThe ICO composite indicator rose slightly, by 0.8%, in March averaging 120.36 US cents/lb compared to 119.35 US cents/lb in February, confirming an upward trend over the last five months. This is the highest monthly average since coffee year 2017/18. However, reversed this upward trend and prices weakened in the final days of the month, recording their lowest levels in the last two days of the month. Total exports by exporting countries to all destinations totaled 10.47 million bags in February 2021, compared with 11.16 million bags in February 2020. Cumulative exports from March 2020 to February 2021 are provisionally estimated at 128.57 million bags against 130.97 million bags recorded from March 2019 to February 2020. Exports over the first five months of coffee year 2020/21 totaled 52.81 million bags compared to 51.53 million in coffee year 2019/20. World consumption for coffee year 2020/21 is projected at 166.62 million bags, an increase of 1.3% on its level of 164.5 million bags in coffee year 2019/20. However, world consumption still falls by 3.11% below estimated total production of 171.89 million bags in coffee year 2020/21.MoreTrade Statistics � February 2021�World coffee exports amounted to 10.48 million bags in February 2021, compared with 11.16 million in February 2020. �Exports in the first 5 months of coffee year 2020/21 (Oct/20 to Feb/21) have increased by 2.5% to 52.81 million bags compared to 51.54 million bags in the same period in 2019/20. �In the twelve months ending February 2021, exports of Arabica totalled 81.05 million bags compared to 81.37 million bags last year; whereas Robusta exports amounted to 47.52 million bags compared to 49.6 million bags. Find more facts and figures about Coffee Trade Statistics>>Open Tender: Gender Advisory Services for Coffee Public Private Task ForceICO supported by the Government of Germany is looking for gender advisory services to help ensure a gender focus is incorporated into the workstreams of the Coffee Public Private Task Force. An open tender has been launched by the Deutsche Gesellschaft f�r Internationale Zusammenarbeit GmbH (GIZ) for Advisory of gender sensitive and gender transformative strategies for the CPPTF. Details to apply hereICO composite indicator increases for the 4th consecutive monthIn February 2021, the ICO composite indicator continued its upward trend, averaging 119.35 US cents/lb as prices for all group indicators rose. This is the highest monthly average since October 2017 when the ICO composite indicator reached 120.01 US cents/lb. Global exports in January 2021 totaled 10.21 million bags, compared with 10.59 million bags in January 2020, and shipments in the first four months of coffee year 2020/21 increased by 3.7% to 41.88 million bags. Exports from the world�s largest coffee-producing region, South America, increased by 15.5% to 23.26 million bags as shipments from Brazil grew by 24.3% to 16.77 million bags. However, exports from the other three regions declined in October 2020 to January 2021. Shipments from Asia & Oceania decreased by 3.9% to 12.19 million bags. Africa�s exports decreased 13% to 3.81 million bags as shipments from three of the region�s five largest producers declined. Shipments from Central America & Mexico fell by 17.5% to 2.62 million bags as parts of the region were severely affected by hurricanes Iota and Eta.MoreICO moves forward partnerships with leading United Nations agenciesIn recent weeks, the International Coffee Organization (ICO ) secretariat has been working hard to secure key meetings with and between leading United Nations Agencies, ICO members and the Coffee Public-Private Task Force. These meetings aimed to enable ICO Members and members of the CPPTF to gain and share access to technology, resources and capitalize on the opportunities offered by the Task Force.Some highlights of the meetings include:(a) Securing a partnership with the United Nations Development Programme (UNDP) and its Green Commodity Programme. The objectives are to strengthen the CPPTF and facilitate the Technical Workstream on Coffee Policy, Institutions and global funding mechanisms, and in particular, develop country/sub-regional project proposals/national sustainability plans contributing to the implementation of the CPPTF Road Map.(b) A partnership with the United Nations Industrial Development Organizations (UNIDO) to build on a successful project promoting pyrolysis/biochar applied to coffee waste in Vietnam (https://youtu.be/UQnLd_TGUpk) to generate additional income opportunities for farmers while reducing climate change. The project is supported by Switzerland�s State Secretariat for Economic Affairs (SECO) and implemented with the Sofies Group and the technology is manufactured in Vietnam. A goal of this project is to further develop and replicate the use of the technology for other countries, such as countries in Africa and Central America. This project will be scaled in partnership with donors and interested private sector members of the CPPTF members such as the Neumann Foundation.(c) The initiative �Coffee�s Next Generation� was launched on International Coffee Day 2020 and is the core theme for the ICO in 2021. The ICO is building on cooperation with the United Nations Food and Agriculture Organization (FAO) to feature coffee in the forthcoming 2021 Food System Summit, as an opportunity for youth employment, innovation and sustainability. This is expected also to be linked to the forthcoming G-20 Summit.Trade Statistics � January 2021�World coffee exports amounted to 10.21 million bags in January 2021, compared with 10.59 million in January 2020. �Exports in the first 4 months of coffee year 2020/21 (Oct/20 to Jan/21) have increased by 3.7% to 41.88 million bags compared to 40.38 million bags in the same period in 2019/20. �In the twelve months ending January 2021, exports of Arabica totalled 80.49 million bags compared to 82.07 million bags last year; whereas Robusta exports amounted to 48.31 million bags compared to 48.96 million bags. Find more facts and figures about Coffee Trade Statistics>>Arabica prices continue to rise in January while Robusta fallsThe ICO composite indicator continued to climb in January 2021, averaging 115.73 US cents/lb, 0.9%higher than last month. Prices for all Arabica indicators rose in January, while Robusta prices decreasedby 1.8% to 70.71 US cents/lb. Exports in the first three months of coffee year 2020/21 were31.59 million bags, 6.1% higher than in October to December 2019. In coffee year 2020/21, globalproduction is estimated to rise by 1.9% to 171.9 million bags with Arabica production growing by 5.2%to 101.88 million bags. World coffee consumption is projected to increase by 1.3% to 166.63 millionbags in 2020/21 as social distancing measures remain in place, limiting out-of-home consumption,and the global economy slowly recovers. While demand is expected to recover, the expected increasein global production could lead to a projected surplus of 5.27 million bags at the end of coffee year2020/21. While current projections would negatively impact prices this year, the covid-19 pandemicremains an unprecedented and swiftly evolving situation.MoreTrade Statistics - December 2020� World coffee exports amounted to 10.97 million bags in December 2020, compared with 10.81 million in December 2019. � Exports in the first 3 months of coffee year 2020/21 (Oct/20 to Dec/20) have increased by 6.1% to 31.59 million bags compared to 29.78 million bags in the same period in 2019/20. � In the twelve months ending December 2020, exports of Arabica totalled 81.17 million bags compared to 82.14 million bags last year; whereas Robusta exports amounted to 47.93 million bags compared to 49.56 million bags. Find more facts and figures about Coffee Trade Statistics>>Arabica prices rise in DecemberThe ICO composite indicator in December increased by 4.6% to 114.74 US cents/lb as prices for Arabica group indicators increased. The largest increase occurred for Brazilian Naturals, which grew by 8% to 114.96 US cents/lb, which is the highest monthly average since December 2019 when they reached 126.36 US cents/lb. Colombian Milds rose by 5.7% to 170.44 US cents/lb and Other Milds by 4.7% to 157.81 US cents/lb, which are both higher than their average in December 2019. However, prices for Robusta fell by 0.5% to 72.04 US cents/lb. In the first two months of coffee year 2020/21, total exports were 6.5% higher at 20.2 million bags compared to the same period last year as shipments for all groups declined except Brazilian Naturals, which rose by 23.1% to 8.31 million bags. Likely due to the impact of the covid-19 pandemic, imports by ICO importing Members and the United States decreased by 4.5% to 129.98 million bags in coffee year 2019/20. While both green and roasted imports declined in coffee year 2019/20, imports of soluble coffee increased by 1% to 14.4 million bags. In coffee year 2019/20, re-exports by ICO importing Members and the United States rose by 0.4% to 46.93 million bags.MoreTrade Statistics - November 2020� World coffee exports amounted to 10.15 million bags in November 2020, compared with 9.6 million in November 2019. � Exports in the first 2 months of coffee year 2020/21 (Oct/20 to Nov/20) have increased by 6.5% to 20.2 million bags compared to 18.97 million bags in the same period in 2019/20. � In the twelve months ending November 2020, exports of Arabica totalled 79.81 million bags compared to 83.01 million bags last year; whereas Robusta exports amounted to 48.66 million bags compared to 48.72 million bags. Find more facts and figures about Coffee Trade Statistics>>November coffee prices rise on concerns over 2021 productionIn November, the ICO composite indicator rose by 3.6% to 109.70 US cents/lb as prices for all group indicators increased, except Other Milds, which fell by 0.9% to 150.73 US cents/lb. World coffee production in coffee year 2019/20 decreased by 1.6% to 168.55 million bags as a consequence a 5.1% decline in Arabica output to 95.73 million bags, while Robusta production rose by 3.2% to 72.82 million bags. South America�s production fell by 4.6% to 78.87 million bags, due largely to the decline in Brazil�s Arabica output in the off-year of the biennial crop cycle. Production from Asia & Oceania grew by 4.1% to 50.07 million bags, due largely to the recovery of output in Indonesia and Viet Nam. Production in Central America & Mexico declined by 4.5% to 20.76 million bags, while Africa�s output remained stable at 18.86 million bags. World coffee production exceeded global consumption by 961,000 bags as world coffee demand decreased by 0.9% to 167.59 million bags.MoreTrade Statistics - October 2020� World coffee exports amounted to 9.67 million bags in October 2020, compared with 9.37 million in October 2019. � In the twelve months ending October 2020, exports of Arabica totalled 78.46 million bags compared to 83.81 million bags last year; whereas Robusta exports amounted to 49.04 million bags compared to 48.65 million bags. Find more facts and figures about Coffee Trade Statistics>>Coffee Market Report: September 2020 coffee exports rise, but 2019/20 shipments fell 4.9%The ICO composite indicator in October decreased by 8.9% to 105.85 US cents/lb as prices for allgroup indicators declined, though the largest decrease was for Brazilian Naturals. Global shipments inSeptember increased by 0.9% to 10.16 million bags as increased Robusta exports offset a decline inArabica exports. Exports in coffee year 2019/20 fell 4.9% to 126.9 million bags, and the value of theseshipments decreased by 3.6% to 17.87 billion USD compared to coffee year 2018/19. Global coffeeproduction in 2019/20 is estimated at 168.84 million bags, 2.5% lower than last year, while worldcoffee consumption is estimated to decrease by 0.9% to 167.59 million bags, resulting in a surplus of1.24 million bags.MoreTrade Statistics - September 2020� World coffee exports amounted to 10.16 million bags in September 2020, compared with 10.08 million in September 2019. � In the twelve months ending September 2020, exports of Arabica totalled 78.21 million bags compared to 84.08 million bags last year; whereas Robusta exports amounted to 48.69 million bags compared to 49.38 million bags. Find more facts and figures about Coffee Trade Statistics>>Coffee Year 2019/20 Ends in SurplusGlobal coffee production in 2019/20 is estimated at 169.34 million bags, 2.2% lower than last year,as output of Arabica decreased by 5% to 95.99 million bags, while that of Robusta rose by 1.9% to73.36 million bags. World coffee consumption is expected to decrease by 0.5% to 167.81 million bagsas the covid-19 pandemic continues to put pressure on the global economy and greatly limits out-ofhome coffee consumption. As a result, coffee year 2019/20 is seen ending in a surplus of 1.54 millionbags. This compares to a surplus of 4.4 million bags in 2018/19. The two consecutive surpluses havelimited a recovery in prices, which remain below the long-term average of 135.34 US cents/lb between2007 and 2018. The ICO composite indicator in September rose by 1.3% to 116.25 US cents/lb. Itaveraged 107.25 US cents/lb in coffee year 2019/20, 6.7% higher compared to 2018/19. All groupindicator prices rose in September 2020 for the third consecutive month, with the largest increaseoccurring for Other Milds.Trade Statistics - August 2020� World coffee exports amounted to 10.04 million bags in August 2020, compared with 10.86 million in August 2019. � Exports in the first 11 months of coffee year 2019/20 (Oct/19 to Aug/20) have decreased by 5.6% to 116.54 million bags compared to 123.44 million bags in the same period in 2018/19. � In the twelve months ending August 2020, exports of Arabica totalled 78.36 million bags compared to 83.79 million bags last year; whereas Robusta exports amounted to 48.22 million bags compared to 49.32 million bags. Find more facts and figures about Coffee Trade Statistics>>Coffee Market Report AugustThe average of the ICO composite indicator in August rose by 10.7% to 114.78 US cents/lb. All group indicator prices rose in August 2020 for the second consecutive month with the largest increase occurring for Brazilian Naturals. In July 2020, world coffee exports fell by 11% to 10.61 million bags compared to July 2019, and Other Milds recorded the largest decrease. In the first ten months of coffee year 2019/20, global exports reached 106.59 million bags, 5.3% lower than the same period in 2018/19. World coffee production is estimated at 169.34 million bags in 2019/20, 2.2% lower than last year while global consumption is estimated to rise by 0.3% to 168.39 million bags in 2019/20. As a result, there is an estimated surplus of 952,000 bags.More127th International Coffee CouncilFrom September 2nd to 11th 2020 the ICO is hosting the 127th Session of the International Coffee Council.Please see the event website internationalcoffeecouncil.com for information on the Council Agenda, documents and technical guidance on how to join the virtual meetings. ICO Members are requested to register for the 127th ICC and associated meetings by sending their credentials to the ICO using the online form by Friday 28 August 2020. The ICO will use the details from your Credentials to automatically register you for the virtual meetings:.The meeting shall be held using the virtual meeting software Zoom.Find more information on the new event website>>Trade Statistics - July 2020�World coffee exports amounted to 10.61 million bags in July 2020, compared with 11.92 million in July 2019. . �Exports in the first 10 months of coffee year 2019/20 (Oct/19 to Jul/20) have decreased by 5.3% to 106.59 million bags compared to 112.57 million bags in the same period in 2018/19. . �In the twelve months ending July 2020, exports of Arabica totalled 78.92 million bags compared to 83.72 million bags last year; whereas Robusta exports amounted to 48.58 million bags compared to 49.59 million bags. . Find more facts and figures about Coffee Trade Statistics>>Coffee Market Report July - Coffee prices rise in July after three months of declineIn July 2020, the ICO composite indicator increased by 4.7% to an average of 103.66 US cents/lb, following three months of declines. Prices for all coffee groups rose in July 2020, though the largest month-on-month increase occurred for Brazilian Naturals, which grew by 5.8% to 97.96 US cents/lb. Global exports in June 2020 amounted to 10.57 million bags, 5.3% lower than June 2019 while shipments in the first nine months of coffee year 2019/20 reached 95.36 million bags, 5.1% lower than the same period last year. The majority of coffee continues to be exported as green coffee, accounting for 90.4% of total coffee shipped between October 2019 and June 2020. Soluble coffee shipments accounted for 9.1%, of the total, an increase of 1 percentage point from one year ago, while roasted coffee shipments represented just 0.5%. A 2.9% decrease in global production to 168.01 million bags has contributed to the lower volume of shipments. Find out more in the ICO's latest Coffee Market Report>>>Coffee prices fall for the third consecutive monthThe ICO composite indicator decreased by 5.2% to an average of 99.05 US cents/lb in June 2020, which is the third consecutive month of decrease. Prices for all Arabica groups trended downward in June 2020, but the Robusta group indicator rose by 0.1% to 64.62 US cents/lb. The volatility of the ICO composite indicator decreased by 1.6 percentage points to 6.1% over the past month. World exports reached 10.49 million bags, 14.6% lower than in May 2019, but this is the third largest volume for May on record. Global shipments in the first eight months of coffee year 2019/20 have fallen by 4.7% to 87.96 million bags. According to recently released data for March 2020, imports by ICO importing Members and the United States increased by 5.1% to 11.76 million bags of which 8.25 million bags originated from exporting countries. In the first half of coffee year 2019/20, imports by ICO importing Members and the United States reached 64.22 million bags, 3.7% lower than in October 2018 to March 2019.MoreICO Release Coffee Break 3: Impact of covid-19 on the global coffee sector: Survey Exporting MembersThe International Coffee Organization launched a survey on the impacts of covid-19 on exporting Member countries. The objective was to (i) assess the short- and long-term impact of covid-19 on their coffee sectors from farm to export gate and (ii) to identify mitigation measures and additional resources required.MoreICO holds first-ever Coffee Public-Private Task Force MeetingThis week the International Coffee Organization (ICO) convened the first-ever Coffee Public-Private Taskforce Meeting. High-level decision-makers from across the global coffee industry met to discuss action-orientated ways of addressing the key issues in the coffee sector such as persistently low coffee prices and the impact of covid-19.�We are here today because we all believe that only by working together � coffee exporting and importing countries, public and private sector, civil society and knowledge-based organizations - can we make the coffee sector resilient, sustainable and prosperous for all the parties involved parties. This is something no other commodity or industry has ever done: to start working together, public and private, on the same level of engagement and responsibility,� said Jose Sette, Executive Director of the ICO at the opening of the Task Force meeting.Annual Review 2018/2019 'Addressing the Coffee Price Crisis'The work of the ICO in coffee year 2018/19 has focused on responding to the strong demand by ICO Members and stakeholders to address the coffee price crisis.MoreArabica Group Prices Fall in May While Volatility SubsidesThe ICO composite indicator decreased by 4.1% to an average of 104.45 US cents/lb in May 2020, which is the second consecutive month of decrease. While all Arabica groups trended downward in May 2020, the Robusta group indicator rose by 0.9% to 64.53 US cents/lb. The volatility of the ICO composite indicator decreased by 2.9 percentage points to 7.7% over the past month. In April 2020, world exports reached 10.82 million bags, 3.1% lower than the 11.17 million bags exported in April 2019. Global shipments in the first seven months of coffee year 2019/20 fell by 3.8% to 72.78 million bags. Exports from Africa increased by 7% to 7.66 million and from Asia & Oceania rose by 0.6% to 23.62 million bags in October 2019 to April 2020. During the same period, shipments from Central America & Mexico declined by 4.9% to 8.77 million bags and from South America by 8.6% to 32.74 million bags. Find out more in the ICO's latest Coffee Market Report>>>ICO releases new report 'Volatile coffee prices: COVID-19 and market fundamentals'ICO is releasing its second issue of the Coffee Break Series. The covid-19 pandemic is a dramatic public health crisis with significant impacts on economies around the world. This issue of the Coffee Break Series focuses on supply and demand side effects on coffee price volatility. The novel coronavirus represents an unprecedented joint supply and demand shock to the global coffee sector, constituting an enormous challenge to coffee growers, farm workers, domestic supply chains and international trade. The various supply and demand impacts will be felt at different points in time further contributing to global market uncertainties and the ongoing price volatility. The pandemic may also have major implications for poverty and food insecurity for the world�s 25 million coffee producers, most of whom are smallholders in low- and middle-income countries that are less prepared to respond to a public health crisis of this proportion.This publication is the first joint work with the International Food Policy Research Institute under a new collaboration that aims at leveraging ICO statistical data and in-house capacity for economic research.MoreCoffee Group Prices Diverge in April While Volatility IncreasesIn April 2020, the ICO composite indicator decreased by 0.1% to 108.91 US cents/lb as prices for the Mild Arabica indicators rose while prices of Robusta and Brazilian Naturals fell. The volatility of the ICO composite indicator increased by 1 percentage point to 10.6% as the volatility of all group indicators grew in April 2020. Global exports fell by 3.7% to 11.06 million bags in March 2020 and shipments in the first six months of coffee year 2019/20 decreased by 3.9% to 61.96 million bags. In coffee year 2019/20, our estimate of global coffee consumption has been revised to 166.06 million bags, which represents an increase of 0.5% compared to 165.27 million bags in 2018/19. As a result, production is expected to exceed consumption by 1.95 million bags.MoreTrade Statistics - March 2020�World coffee exports amounted to 11.06 million bags in March 2020, compared with 11.49 million in March 2019. �Exports in the first 6 months of coffee year 2019/20 (Oct/19 to Mar/20) have decreased by 3.9% to 61.96 million bags compared to 64.5 million bags in the same period in 2018/19. �In the twelve months ending March 2020, exports of Arabica totalled 82.09 million bags compared to 79.9 million bags last year; whereas Robusta exports amounted to 47.76 million bags compared to 45.35 million bags. Find more facts and figures about Coffee Trade Statistics>>Statement on the 127th Session of the International Coffee CouncilThe Executive Director presents his compliments and wishes to inform Members, observers and members of the Private Sector Consultative Board of the following:In the wake of the prevailing global pandemic of covid-19, the International Coffee Organization, in consultation with the India Coffee Board, India Coffee Trust, the Government of India and the Chair of the International Coffee Council, has decided to postpone both the 5th World Coffee Conference (WCC) and the 127th Session of the International Coffee Council and other ICO bodies until further notice. Both events were scheduled to be held from the 7-12th September 2020 in Bengaluru, India. We at the International Coffee Organization (ICO) are deeply concerned by health and economic crisis resulting from covid-19. The ICO is looking into alternative options for the core meetings of the Council and we will endeavour to update you as soon as possible. The Organization aims to serve our membership effectively while ensuring the health and safety of ICC participants and staff. The ICO remains fully committed to maintaining a productive dialogue with stakeholders and we are confident that our Member countries will be able to effectively engage on pressing issues impacting the global coffee sector at an alternative stage.New Data on 'How Covid-19 Impacts Global Coffee Industry - Demand SideThe ICO has released the first issue of the new economic publication of the ICO: Coffee Break Series. The covid-19 pandemic is a dramatic public health crisis with significant impacts on economies around the world. This issue of the Coffee Break Series focuses on demand-side effects of the novel coronavirus (covid-19) pandemic, assessing the relationship between reduced economic growth and global coffee consumption. The impact of social distancing measures including the lockdown of large parts of the hospitality industry are discussed. Further analysis, in particular of the supply-side effect of the covid-19 pandemic, is necessary to understand the overall impact on the coffee sector and all actors along the global value chain. These effects will be assessed in future issues in the ICO Coffee Break Series. Find out more here>>>Cancellation of the 126th Session of the International Coffee CouncilWe at the International Coffee Organization (ICO) are deeply concerned by the evolving situation of the Coronavirus and the human tragedy that surrounds it. Amid growing health concerns related to the virus, the Executive Director, after consultation with the Chair of the Council, has decided to cancel the 126th Session of the International Coffee Council (ICC). The ICC meeting was scheduled to be held from 27 April to 1 May 2020 at the International Maritime Organization (IMO) in London.The ICO is looking into alternative options for the core meetings of the Council and we will endeavour to update you as soon as possible. The Organization aims to serve our membership effectively while ensuring the health and safety of ICC participants and staff. The ICO remains fully committed to maintaining a productive dialogue with stakeholders and we are confident that our Member countries will be able to effectively engage on pressing issues impacting the global coffee sector at an alternative stage.Prices decline further in FebruaryIn February 2020, the ICO composite indicator continued its downward trend, averaging 102 US cents/lb as prices for all group indicators fell. However, the differential between Colombian Milds and Other Milds more than doubled to 10.93 US cents/lb. Global exports in January 2020 totalled 10.29 million bags, compared with 11.14 million bags in January 2019, and shipments in the first four months of coffee year 2019/20 decreased by 5.8% to 39.53 million bags. Exports from the world�s two largest coffee-producing regions declined in the period October 2019 to January 2020. Shipments from South America decreased by 9.8% to 19.86 million bags and from Asia & Oceania by 5.4% to 12.21 million bags. However, exports from Africa grew by 9.5% to 4.38 million bags, as shipments from the region�s three largest producers all increased, and shipments from Central America & Mexico rose by 1.7% to 3.07 million bags. In 2019/20, world coffee consumption is estimated to exceed global output by 0.48 million bags, but Covid-19 presents considerable downside risk to global coffee consumption. Find out more in the ICO's latest Coffee Market Report>>>Prices for all group indicators fall in JanuaryIn January 2020, the ICO composite indicator reversed its gains from December, averaging 106.89 US cents/lb as prices for all group indicators fell. Exports in the first three months of coffee year 2019/20 decreased by 5.8% to 29.01 million bags compared to 30.78 million bags in 2018/19. During this period, shipments of Arabica fell 10.1% to 18.28 million bags, but Robustas increased by 2.7% to 10.73 million bags. The decline in Arabica exports was driven largely by a fall in shipments of Other Milds and Brazilian Naturals, of 13.8% to 4.22 million bags and of 13.3% to 9.95 million bags, respectively. However, exports of Colombian Milds rose by 3.7% to 4.12 million bags. While global production is expected to fall by 0.9% to 168.71 million bags, total consumption is projected at 169.34 million bags in 2019/20. This would result in a projected deficit of 0.63 million bags for 2019/20. Find out more in the ICO's latest Coffee Market Report>>>Coffee Market Prices Continued to Climb in DecemberThe ICO composite indicator continued to rise in December 2019, ranging between 111.80 and 123.69 US cents/lb. Prices for all Arabica indicators rose in December 2019, while Robusta prices decreased 0.1% to 73.22 US cents/lb. Firm demand and the current tightness in the market has helped to put upward pressure on prices. Exports in the first two months of coffee year 2019/20 declined by 10.8% to 18.3 million bags. Exports from all coffee groups decreased during this period, except Colombian Milds, which rose by 2.2% to 2.6 million bags. Global coffee output is estimated at 168.71 million bags in 2019/20, 0.9% lower than last year as Arabica production is estimated to decline by 4.1% to 96.22 million bags while Robusta grows by 3.7% to 72.5 million bags. In coffee year 2019/20, coffee consumption is estimated to increase by 1.24 million bags to 169.34 million bags. This would result in a deficit of 0.63 million bags in 2019/20, which puts upward pressure on prices. However, this may be limited as more of the 2019/20 crop enters the market as well as a larger crop is anticipated from Brazil in its 2020/21 crop year commencing in April. Find out more in the ICO's latest Coffee Market Report>>>Coffee Market Rallies to a 12-month HighNovember 2019 marked the first time in the last 12 months when the ICO Composite Indicator consistently stayed over 100 US cents/lb. The monthly average of the Indicator rose 10.1% to 107.23 US cents/lb amid expectations of a global deficit in coffee year 2019/20, estimated at 502,000 bags. Global exports of coffee in October 2019 fell by 13.4%, to 8.91 million bags, compared to the same month in the previous year. A mix of factors, including unfavourable weather patterns and prolonged low international prices, have contributed to a decline in shipments across all regions. Find out more in the ICO's latest Coffee Market Report>>>>>Global coffee prices drift downwards in July 2019Global coffee prices drift downwards in July 2019The monthly average of the ICO composite indicator rose by 3% to 103.01 US cents/lb in July 2019, which is the highest monthly average since November 2018. However, the daily composite indicator started at a high of 107.87 US cents/lb on 4 July and fell to 98.57 US cents/lb by the end of the month. In June 2019, world coffee exports rose by 2.8% to 10.94 million bags compared to June 2018, while exports in the first nine months of coffee year 2018/19 rose by 6.5% to 97.28 million bags. World production in coffee year 2018/19 increased by an estimated 1.9% to 168.77 million bags, led by a 18.5% increase in Brazil�s production for the crop year ending March 2019. Global consumption in 2018/19 grew by an estimated 2.1% to 164.84 million bags. Although consumption growth outpaced production, the cumulative surplus over the last two seasons rose to 8 million bags. Find out more in the ICO's latest Coffee Market Report>>>Sustained growth in June global coffee pricesThe monthly average of the ICO composite indicator rose by 7.1% to 99.97 US cents/lb in June 2019, which is the first increase in the monthly average since January 2019. In May 2019, world coffee exports rose by 19.4% to 11.6 million bags compared to May 2018 while exports in the first eight months of coffee year 2018/19 rose by 7.5% to 86.57 million bags. Demand for coffee appears to be strong as imports by ICO importing Members and the United States, which account for around 75% of global imports, increased by 4.9% to 66.56 million bags in the first six months of coffee year 2018/19. Global coffee consumption is estimated to grow by 2% to 164.64 million bags in coffee year 2018/19. Despite the ongoing demand growth, a global production surplus of 3.11 million bags is expected in coffee year 2018/19. Find out more in the ICO's latest Coffee Market Report>>>Despite upturn at the end, global coffee prices remain the lowest monthly average of the coffee yearThe monthly average of the ICO composite indicator fell to 93.33 US cents/lb in May 2019, 1.2% lower than in April 2019. However, the last two weeks of the month saw a sharp reversal in the downward trend as the daily composite indicator rose above 100 US cents/lb for the first time since 18 February 2019 on 30 and 31 May, at 101.17 US cents/lb and 103.25 US cents/lb, respectively. In April 2019, world coffee exports rose by 4.6% to 10.73 million bags compared to the same month in the previous year, while exports in the first seven months of coffee year 2018/19 reached 74.01 million bags compared to 70.89 million bags in 2017/18. While demand has grown at an average annual rate of 2.2% in the last five years, global output is expected to exceed it by 3.41 million bags in coffee year 2018/19, making this the second consecutive year of surplus. Find out more in the ICO's latest Coffee Market Report>>>Interactive workshop on overcoming low price level and volatilityAn ICO-led workshop, focusing on programmes to help smallholdercoffee farmers to overcome low price level and volatility and achieve long-term sustainabilityfor the whole coffee sector, was held in Rome on 16 May as part of EXCO2019 � the firstglobal international cooperation Expo.Bringing together high-level representatives of the coffee industry, financial institutions,governments, developments agencies, international organizations and NGOs, this workshoporganized in partnership with the Ministry of Foreign Affairs and International Cooperation ofItaly, was the fourth of a series of events held this year as part of the ICO�s Structured SectorWide Dialogue. Find out more>>>ResourcesKey DocumentsInternational Coffee AgreementPromotion and market developmentQualitySustainabilityHomeAbout UsWhat We DoMeetings and DocumentsCoffee Market ReportStatisticsResearchContact UsInternational Coffee Organization222 Gray's Inn Road, London WC1X 8HBTel: +44 (0)20 7612 0600 Fax: +44 (0)20 7612 0630 Email: [email protected]