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
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]
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]
On 1 October 2016, the 77 Member States of the International Coffee Organization (ICO) and dozens of coffee associations from around the globe will come together to celebrate the second annual International Coffee Day. International Coffee Day is a global
At the time of writing, we do not yet know what will happen to the European coffee economy after the British referendum to possibly leave the EU, but for sure we can describe what London means for the world of coffee and