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ICO WORLD COFFEE CONFERENCE, GUATEMALA CITY |
- 2nd Moscow International Coffee Forum: The Executive Director, Mr Néstor Osorio, was invited to speak at the 2nd Moscow International Forum which took place on 8 February 2010 and was organized by ‘Coffee & Tea in Russia’ magazine, in collaboration with the Rusteacoffee Association. In his presentation, Mr Osorio gave an overview of the world coffee market and trends in world production and consumption and highlighted the relevance of the Forum to Russia which is a dynamic and growing market for coffee and among the top ten consuming countries in the world. Presentation
- Coffee market report from the Executive Director: The upward trend in coffee prices recorded in December2009 continued during the first fortnight of 2010, with the monthly average of the ICO composite indicator price in January rising to 126.85 US cents per lb compared to 124.96 US cents per lb in December 2009. The increase was particularly marked in the case of Colombian Milds, widening the differential with the average of the 2nd and 3rd positions on the New York futures market. During the last few months, the differential between prices of Arabicas and Robustas has widened significantly. Nonetheless, during the second half of January prices were subject to some downward corrections, partly as a consequence of the appreciation of the United States dollar. Coffee market report January 2010
- World Coffee Conference 2010 – final programme: the Executive Director today issued a press release announcing the final programme with confirmed speakers for the World Coffee Conference 2010 which will take place in Guatemala City, Guatemala from 26 to 28 February 2010.
Further details about the Conference can be found on the official website www.wcc2010guatemala.com.
Press release
- Coffee trade statistics: World coffee exports amounted to 7.8 million bags in December 2009, compared with 9.02 million in December 2008. Exports in the first 3 months of coffee year 2009/10 (Oct-Dec 2009) have decreased by 9.6% to 21.3 million bags compared to 23.5 million bags in the same period in the last coffee year. In calendar year 2009, exports of Arabica totalled 60.2 million bags compared to 63.5 million bags last year; whereas Robusta exports amounted to 34.5million bags compared to 34,2 million bags. Coffee trade statistics December 2009
- The Executive Director regrets to inform Members of the death of Mr Fernando Pérez-Barreiro on Monday 4 January 2010. Fernando worked with the ICO as a Spanish translator from 1968 onwards and will be greatly missed by his family and all of his colleagues at the ICO after his many years of loyal service to the world coffee community.
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The Common Fund for Commodities (CFC) commemorated its 20th anniversary and organized a seminar to analyse the Role of Commodities in Development on 14 December 2009. The Seminar took place in The Hague and was chaired by the CFC Managing Director, Ambassador Ali Mchumo. The Mayor of The Hague spoke at the official opening and the keynote speaker was Mr Rubens Ricupero, former Secretary-General of UNCTAD. The ICO Executive Director, Mr Néstor Osorio, was invited to speak on behalf of all International Commodity Bodies (ICBs) on the theme of international commodity governance and the role of ICBs. In his intervention, he highlighted the value of cooperation between the CFC and ICBs and the importance of the work of these institutions in developing and implementing projects in Member countries since 1989, with over 280 projects with a value of US$500 million approved during that time. High-level representatives of international organizations also contributed to the Seminar sessions, including Arab Organization for Agricultural Development (AOAD), Food and Agriculture Organization of the United Nations (FAO), UN Industrial Development Organization (UNIDO), UN-Habitat, UNCTAD and the World Trade Organization (WTO). Executive Director’s speech
- Ratification of the International Coffee Agreement 2007 – Costa Rica: The Ambassador of Costa Rica, H.E.
Ms Pilar Saborio de Rocafort, deposited an instrument of ratification on 11 December 2009. Photo I Depositary notification
- The 15th Asia International Coffee Conference 2009 took place in Ho Chi Minh City, Vietnam from 7-9 December 2009. The Executive Director of the ICO, Néstor Osorio, was invited to speak at the opening ceremony, together with Mr Luong Van Tu, Chairman of Vietnam Coffee-Cocoa Association.
In his presentation Mr Osorio made an analysis of the fundamentals of the world coffee market and the outlook for 2010. Presentation
- Communication from the Executive Director of the ICO to the National Federation of Coffee Growers of Colombia: The Executive Director of the ICO, Néstor Osorio Londoño, presents his most cordial compliments to the Executive Committee, the General Manager of the National Federation of Coffee Growers of Colombia, and all delegates to the LXXIII National Congress of Coffee Growers, and wishes to express his solidarity and support for all coffee families in Colombia who have suffered such grievous losses and difficulties during the course of this year. The Executive Director is confident that these problems will be overcome and conveys his best wishes for the success of the Congress and the welfare of Colombian coffee growing and coffee growers. London, 1 December 2009.
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The 49th General Assembly of the InterAfrican Coffee Organization (IACO) took place in Accra, Ghana, from 23 to 27 November 2009. The Opening Ceremony was chaired by Hon Dr Kwabena Duffuor, Minister for Finance and Economic Planning, accompanied by Hon Ms Hannah Tetteh, Minister for Trade and Industry, Ghana. The Secretary-General of IACO, Ambassador Josefa Sacko opened the proceedings and the Executive Director, Mr Néstor Osorio, spoke at the inaugural session and gave a presentation at a workshop on Coffee Research and Statistics in Africa held on 23 November. The ICO Chief Economist, Mr Denis Seudieu, also participated in the event and made a presentation on the role of statistics in market analysis and transparency. In his presentation, the Executive Director reviewed the current market situation, focussing in particular on coffee production in Africa and the need to develop rehabilitation and replanting programmes to improve coffee productivity and quality. IACO has 25 Member states, representing 12% of world coffee production.
- The 17th Encontro Nacional das Indústrias de Café (ENCAFE) Conference took place in Salvador, Brazil from 18 – 22 November 2009 on the theme of growth in the market for quality coffee. The ICO Executive Director, Mr Néstor Osorio, was invited to speak at the inaugural session and during the Conference. In his presentation he gave a detailed analysis of trends in the global coffee market during the year and outlined the development of the speciality and quality coffee segments as well as trends in coffee consumption and the behaviour of the market during the world economic crisis.
During his mission, Mr Osorio visited Brasilia and met the Minister for Agriculture, Livestock and Food Supply, Mr Reinhold Stephanes and his cabinet members to discuss current coffee market conditions and progress on the ratification of the ICA 2007. He was advised that the draft legislation for ratification of the 2007 Agreement is now with the Brazilian Congress. Mr Osorio also met Mr Carlos Melles, Congressman and Mr Gilson Ximenes, President of the National Coffee Council, and other representatives of the coffee sector during his visit.
Download presentation
- Sintercafé XXIII, 12 – 15 November 2009: The Executive Director, Mr Néstor Osorio, was invited to speak at the 23rd Sintercafé Conference which took place in the Guanacaste coffee region of Costa Rica from 12 to 15 November 2009. Mr Osorio outlined the key features of the International Coffee Agreement 2007 and also presented an overview of the coffee market situation.