News from the Executive Director
| Monthly Coffee Market Report - April 2012 |
The downward corrections that have characterized Arabica prices since the beginning of the year
impacted the ICO indicator price for Robustas in April. Despite this fall, Robusta price levels remain firm
since average prices for the first four months of 2012 are still above those recorded during the last quarter
of 2011.
More
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| 19th International Café de Santos Seminar |
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The 19th International Café de Santos Seminar took place in Guarujá, Brazil on 9 and 10 May 2012. The Executive Director, Mr Robério Silva made a presentation on behalf of the ICO. Presentation
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| ICO Submission to G-20 Summit, Mexico |
The Executive Director of the ICO, Mr Robério Oliveira Silva, met the Ambassador of Mexico, H.E. Mr. Eduardo Medina Mora on 3 May 2012 to hand over the ICO submission to the G-20 Summit which will take place in Los Cabos, Mexico on 18 and 19 June 2012. The submission highlights the importance of addressing risks associated with trading coffee and other commodities, and will be delivered to the President of Mexico.
ICO submission l Photos
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| Trade Statistics - March 2012 |
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World coffee exports amounted to 9.88 million bags in March 2012, compared with 10.59 million in March 2011. Exports in the first 6 months of coffee year 2011/12 (Oct/11 to Mar/12) have decreased by 2.3% to 51.7 million bags compared to 52.9 million bags in the same period in the last coffee year. In the twelve months ending March 2012, exports of Arabica totalled 64.7 million bags compared to 67.3 million bags last year; whereas Robusta exports amounted to 38.6 million bags compared to 34 million bags. More
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| Workshop for CFC/ICO project in Côte d'Ivoire |
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On behalf of the ICO Executive Director, the Chief Economist, Denis Seudieu, made the opening remarks at the final project workshop for the CFC/ICO project 'Access to finance for the development of diversification crops in coffee producing areas in Burundi and Côte d'Ivoire'. The workshop took place in Abidjan, Côte d'Ivoire on 13 April, and was attended by the Managing Director of the CFC, the Ministers of Agriculture, Trade, Economy and Finance, and Livestock and Fisheries of Côte d'Ivoire, high-level officials from the coffee and banking sectors and project beneficiaries. This US$3 million project was launched in Burundi and Côte d'Ivoire in 2008, with the aim of developing and implementing a sustainable credit programme for diversification in coffee producing areas. Mr Seudieu accompanied the Managing Director of the CFC on a visit to Daloa to meet project beneficiaries who reported on investments undertaken during the project.
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