Tag: ICO

Yaounde-Cameroon: The 2nd Scientific Conference on African Coffee

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The Inter African Coffee Organisation (IACO) held its 56th Annual General Assembly in Yaounde, the capital of Cameroon on November 28 to December 3rd 2016. The theme of the symposium was “Inclusive Value Chain Transformation in African Coffee Industry”. Under the chairmanship of Cameroon’s Minister of Tourism and Leisure, Bello Bouba Maigari, who stood in for the Prime Minister, it

Research by ICO Shows Coffee Farmers Operating at a Loss

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A study by the International Coffee Organisation shows that coffee farmers in a selected number of countries are operating at a loss. This to them means growing coffee is becoming more and more non-profitable for farmers.

According to the study, March 2015 saw the ICO composite price consistently going down below a 10-year average of $137.24 / lb. This has raised concerns about the economic situation of coffee production and the livelihood of growers in the countries involved.[Sign in to continue]

Heavy Rains, Millenials & US Election Influencing Coffee Prices

Election Influencing Coffee Prices

Raw coffee at it’s highest in Vietnam
The Ministry of Agriculture & Rural Development’s Agro, Forestry & Fishery Processing & Salt Industry has revealed raw coffee prices in the Central Highland provinces of Vietnam has gone up to it’s highest level in 3 years, reports Talk Vietnam. FOB price for Robusta coffee at the Sai Gon Port saw a rise by $88 per to $2,043. Vietnam exported 121,000 tonnes of coffee in the first 10 months of this year. This brought about earnings of up to $246 million with Germany and the US being the two largest export markets holding 15.2% and 13.2% respectively in the first nine months.[Sign in to continue]