Welcome visit from the Ambassador of Switzerland
On 9 March 2018, the Executive Director, Mr José Sette, was honoured to welcome His Excellency Mr Alexandre Fasel, who visited the offices of the ICO for the first time since taking up his post as Ambassador of Switzerland to the United Kingdom. Accompanied by First Secretary, Ms Stefanie Küng, Ambassador Fasel met with senior members of the ICO team to discuss the challenges and opportunities for the coffee sector, including the need to foster sustainability to address quality, safety and productivity issues, climate change, gender and small growers’ needs. A new approach to project development and funding being developed by the ICO was also discussed at length. Read more on the ICO blog>>
Happy International Women's Day!
In celebration of women’s achievements in coffee and to encourage the wider participation of women in all aspects of the coffee industry, we are delighted to announce that this year we will be focusing on ‘Women in coffee’ as the theme for International Coffee Day on 1 October, as well as in our wider work programme.
It is in all our interests to empower women in the international coffee community.
We look forward to working with our Members and partners to help make this happen.
Coffee market settles lower amidst strong global exports
The ICO composite indicator price declined by 1.2% in February 2018 to an average of 114.19 US cents/lb. Indicator prices for all three Arabica groups fell in February 2018 while the indicator price for Robusta increased slightly by 0.7% to an average of 89.24 US cents/lb. Exports of Robusta coffee are estimated up 48.2% to 4.48 million bags in January 2018 and up 6.4% to 14.87 million bags for the first four months of coffee year 2017/18. This is largely due to increased shipments from Vietnam in January 2018, which are estimated at 3.29 million bags, nearly double the volume from one year ago. In the first four months of 2017/18, exports of Other Milds and Brazilian Naturals rose by 9.3% to 7.62 million bags and 2.2% to 13.31 million bags, respectively. Export growth for Other Milds was led by increased shipments from Honduras while Ethiopia led the growth for exports of Brazilian Naturals. In contrast, shipments of Colombian Milds during the same period fell by 10.9% to 4.94 million bags as excessive rains in Colombia have led to decreased output. Read the latest Coffee Market Report>>
Trade Statistics - January 2018
• World coffee exports amounted to 11.01 million bags in January 2018, compared with 9.12 million in January 2017.
• Exports in the first 4 months of coffee year 2017/18 (Oct/17 to Jan/18) have increased by 3.1% to 40.74 million bags compared to 39.53 million bags in the same period in the last coffee year.
• In the twelve months ending January 2018, exports of Arabica totalled 77.37 million bags compared to 74 million bags last year; whereas Robusta exports amounted to 45.52 million bags compared to 45.51 million bags. Find more facts and figures about Coffee Trade Statistics>>
Changes to dissemination and publication of ICO monthly trade data
Effective from 29 March 2018, the ICO will change its internal procedure with regards to monthly trade data, which covers data on exports (Arabica and Robusta) by exporting countries as well as imports and re-exports by importing countries.
Under the new policy, the complete monthly trade data will be emailed to paying subscribers on the last business day of the month at 3pm (GMT) and the summary report will be available free of charge on the ICO website at 3pm (GMT) the next business day.
Meeting with Ugandan Minister
On 16 February 2018 the ICO’s Executive Director, Mr José Sette, met with the Ugandan Minister of Agriculture, Animal Industry and Fisheries, the Honourable Vincent Bamulangaki SSempijja. Discussion focused on the Uganda Coffee Road Map, an ambitious plan to expand the country’s coffee sector and the ways in which the ICO can assist Uganda in this endeavour. Read more on the ICO blog>>
Coffee market recovers slightly from December slump
After reaching its lowest level in 22 months in December 2017, the monthly average of the ICO composite indicator price increased by 1.4% to 115.60 US cents/lb in January 2018. Prices for all group indicators saw gains in January. Colombian Milds, Other Milds, and Brazilian Naturals recorded increases of 1.5%, 1% and 1.8% respectively while Robusta rose by 1.2%. In December 2017, global shipments of coffee increased by 0.7% to 10.62 million bags compared to the same month one year ago. However, shipments for the first quarter of coffee year 2017/18 are down 6.7% from one year ago, reaching 28.36 million bags. Global output in crop year 2017/18, is estimated at 158.93 million bags, 0.8% higher than last year. Production is estimated to grow by 4.7% to 17.93 million bags in Africa, 5.9% to 47.64 million bags in Asia & Oceania and 7.1% to 21.92 million bags in Mexico & Central America. These increases would offset declines in South America by 4.9% to 71.44 million bags. Read the latest Coffee Market Report>>
Trade Statistics - December 2017
• World coffee exports amounted to 10.62 million bags in December 2017, compared with 10.54 million in December 2016.
• Exports in the first 3 months of coffee year 2017/18 (Oct/17 to Dec/17) have decreased by 6.7% to 28.36 million bags compared to 30.4 million bags in the same period in the last coffee year.
• In the twelve months ending December 2017, exports of Arabica totalled 76.26 million bags compared to 73.61 million bags last year; whereas Robusta exports amounted to 43.37 million bags compared to 46.03 million bags. Find more facts and figures about Coffee Trade Statistics>>
Executive Director gives keynote speech at Pu'er International Coffee Expo
The ICO's Executive Director, Mr José Sette, gave the keynote speech at the first ever Pu'er International Specialty Coffee Expo on 29 January 2018. Pu'er is in Yunnan province, which is responsible for more than 99% of Chinese coffee production. Mr Sette gave a presentation on the global outlook of the coffee industry, including China. For crop year 2016/17, the ICO estimates production at slightly below two million 60kg bags - making China the 13th largest producer in the world.
New ICO Head of Operations takes up post
Gerardo Patacconi, the new Head of Operations at the International Coffee Organization (ICO), has taken up his post. Mr Patacconi previously held the position of Director (OiC) of the Department of Agri-Business Development at the United Nations Industrial Development Organization (UNIDO), where he led the development and implementation of industrial and commercial policies, strategies and projects in over 60 countries with a focus on agro-industries also covering migration and youth employment and women empowerment, as well as public-private partnerships and buyers-suppliers sustainability projects with retailers and manufacturers. In his new position, along with managing the Operations Division of the Organization, Mr Patacconi will lead on the implementation of the ICO’s Programme of Activities and new Five-Year Action Plan. More>>
Coffee market price ends 2017 at 21-month low
The ICO composite indicator price averaged 114 US cents/lb in December 2017, down 2.8% from November 2017. Prices for all groups of coffee fell over the course of the month, though the steepest decline occurred in Robusta prices. Exports in November 2017 were 9.2% lower than the same month last year on 9.02 million bags. Shipments of Arabica were 5.5% lower at 6.06 million bags while Robusta shipments decreased by 15.9% to 2.96 million bags. Global coffee output for 2017/18 is preliminary estimated at 158.78 million bags, 0.7% higher than last year. Arabica production is provisionally estimated at 97.32 million bags, 1.1% lower than last year due to an expected reduction in output from Colombia and Brazil. However, Robusta production is provisionally estimated 3.7% higher than last year at 61.46 million bags, due largely to growth in Vietnam. Read the latest Coffee Market Report>>
Trade Statistics - November 2017
• World coffee exports amounted to 9.02 million bags in November 2017, compared with 9.93 million in November 2016.
• Exports in the first 2 months of coffee year 2017/18 (Oct/17 to Nov/17) have decreased by 11.3% to 17.62 million bags compared to 19.86 million bags in the same period in the last coffee year.
• In the twelve months ending November 2017, exports of Arabica totalled 76.12 million bags compared to 73 million bags last year; whereas Robusta exports amounted to 43.28 million bags compared to 45.65 million bags.
Find more facts and figures about Coffee Trade Statistics>>
Mr José Sette, Executive Director, and the staff of the International Coffee Organization extend their best wishes to Members and the entire coffee community. We thank all those who have worked hard to make a difference in the coffee industry in 2017. As the new year approaches, the staff at ICO look forward to continue working to strengthen this sector and improving the lives of coffee farmers all over the world.
Market turns negative as Robusta prices decline
The ICO composite indicator price averaged 117.26 US cents/lb in November 2017, down 2.3% from October 2017. However, nearly all of the decrease occurred in prices for Robusta, which decreased by 7.2% to an average of 91.33 US cents/lb in November 2017. Exports in October 2017 were 11.4% lower than the same month last year on 8.8 million bags. Shipments of Arabica were 9.9% lower at 5.7 million bags. As discussed later in this report, production in some countries in Central America & Mexico has partially recovered from the outbreak of leaf rust a few years ago. In crop year 2016/17, Honduras and Nicaragua surpassed the volume of output achieved before the outbreak. However, output from Guatemala and El Salvador has recovered from the low volumes in crop years 2012/13 and 2013/14, but remains below the average volume of production from before the outbreak. Read the latest Coffee Market Report>>
Trade Statistics - October 2017
• World coffee exports amounted to 8.8 million bags in October 2017, a fall of 11.4% compared with 9.93 million bags in October 2016.
• In the twelve months ending October 2017, exports of Arabica totalled 76.23 million bags compared to 72.35 million bags last year; whereas Robusta exports amounted to 44.12 million bags compared to 45.14 million bags.
Find more facts and figures about Coffee Trade Statistics>>
What statistical information should the ICO provide?
A key strategic goal of the International Coffee Organization is to deliver world-class data, analysis and information to the coffee industry and policy-makers. To help us enhance the comprehensiveness of our statistical data as well as the relevancy of our analytics, we are inviting our Members and other interested parties to respond to a short statistical information questionnaire. Read more>>
Record Exports for Coffee Year 2016/17
Total exports in September 2017 reached 8.34 million bags, compared to 9.8 million in September 2016. While coffee year 2016/17 registered a decrease in its final month, total exports reached a record 122.45 million bags, 4.8% greater than the 116.89 million bags shipped in coffee year 2015/16. Exports of Colombian Milds grew by 8% to 14.66 million bags, Other Milds by 15.6% to 27.02 million bags, and Brazilian Naturals by 2.6% to 35.84 million bags while Robusta shipments remained stable, amounting to 44.93 million bags. Global coffee production in crop year 2016/17 has been revised upwards to 157.44 million bags, a 3.4% increase on 2015/16, due largely to the increase in production for Honduras. The ICO composite indicator continued its downward trend, averaging 120.01 US cents/lb in October 2017, which is the lowest level since May 2016 when it averaged 119.91 US cents/lb. Read the latest Coffee Market Report>>
Trade Statistics - September 2017
•World coffee exports amounted to 8.34 million bags in September 2017, compared with 9.79 million in September 2016.
•Exports in coffee year 2016/17 (Oct/16 to Sep/17) have increased by 4.8% to 122.45 million bags compared to 116.89 million bags in the last coffee year.
•In the twelve months ending September 2017, exports of Arabica totalled 77.52 million bags compared to 71.87 million bags last year; whereas Robusta exports amounted to 44.93 million bags compared to 45.02 million bags. Find more facts and figures about Coffee Trade Statistics>>
ICO Executive Director joins growers in Panama
On 28 October 2017, ICO Executive Director, Mr José Sette, had the pleasure to visit coffee farms in the Boquete and Volcán regions of Panama. Mr Sette also had the pleasure to talk to growers about trends in the coffee market, sustainability and the important role of the ICO.
Executive Director meeting with IHCafé
On 26 October 2017, the third day of the ICO Executive Director's visit to Honduras was dedicated to meetings at IHCafé (Honduran Coffee Institute). In the morning, Mr Sette met with the Governing Board to discuss the challenges facing the world coffee sector and Honduras in particular, and in the afternoon he made a presentation on the sustainability of the world coffee sector and the role of the ICO.
ICO Executive Director meets President of Honduras
As part of a fact-finding mission to Central America, ICO Executive Director, Mr José Sette, had the honour of being received by the President of Honduras, H.E. Juan Orlando Hernández, on 25 October 2017. Accompanied by representatives of the Honduran coffee sector, Mr Sette and President Hernández discussed the challenges facing the world coffee sector, especially the impact of current price levels, and pledged to work more closely together. See the ICO blog>>
Executive Director presents to International Coffee Conference
On 20 October 2017 the ICO Executive Director, Mr José Sette had the pleasure of addressing delegates at the International Coffee Conference on Climate Change and Soil Degradation in Bali. Held in conjunction with the World Plantation Conference and Exhibition 2017, Mr Sette presented on the impact of climate change on coffee production and the important role the ICO has to play in providing and exchanging information; international advocacy; and bringing together the public sector with private and civil society initiatives.
Venezuela joins the ICO
We are delighted to announce that on 13 October 2017 the Bolivarian Republic of Venezuela became the 78th and newest Member of the International Coffee Organization (ICO). We had the pleasure of welcoming HE Ms Rocío Maneiro to the ICO on 13 October, and pledged to work closely with the Venezuelan authorities to help overcome the challenges facing the country’s coffee sector. See the ICO blog>>
Coffee market ends 2016/17 coffee year in deficit for the third consecutive year
The ICO composite indicator continued its downward trend that started at the end of August, averaging 124.45 US cents/lb. Prices for all groups fell in September, though Robusta saw the largest decline of 5.1% compared to August. This brings coffee year 2016/17 to an end, and global production is estimated at 153.9 million bags, a 1.5% increase on 2015/16. With world consumption at 155.1 million bags, this gives a global deficitof 1.2 million bags. Read the latest Coffee Market Report>>
Trade Statistics - August 2017
•World coffee exports amounted to 9.87 million bags in August 2017, compared with 10.77 million in August 2016.
•Exports in the first 11 months of coffee year 2016/17 (Oct/16 to Aug/17) have increased by 5.8% to 113.28 million bags compared to 107.05 million bags in the same period in the last coffee year.
• In the twelve months ending August 2017, exports of Arabica totalled 77.73 million bags compared to 71.43 million bags last year; whereas Robusta exports amounted to 45.34 million bags compared to 44.57 million bags.
Find more facts and figures about Coffee Trade Statistics>>
Coffee prices climb to a 4-month high but subsequently fall in view of a well-supplied market
The ICO composite indicator rallied briefly to above 135 US cents/lb but quickly fell back to the level of June. This comes as cumulative exports in the current coffee year remain at very high levels, up 5.9% year on year, leading to higher inventories in importing countries. The outlook for the 2017/18 crop in Vietnam and the 2018/19 crop in Brazil is largely positive. Read the latest Coffee Market Report>>
High level meetings in Côte d'Ivoire
Ahead of the International Coffee Organization's Council meeting in Yamoussoukro later this month, we were honoured to hold a series of high level meetings in the Côte d'Ivoire this week. Briefing meetings were held with M. Amon-Tanoh - Minister of Commerce, M. Ahmed Diomande - Deputy Chief of Staff at the Ministry of Commerce and M. Jean-Marc Anga - Executive Director of the International Cocoa Organization. Read more on the ICO blog>>
MBA students visit the ICO
Thank you to Ambassador Martin Sajdik and students from the Global MBA program at Long Island University for visiting the ICO offices this week. A real pleasure for us to explain the role of the ICO, and explore the challenges and opportunities facing the global coffee sector with the leaders of tomorrow. Read more on the ICO blog>>
Trade Statistics - July 2017
• World coffee exports amounted to 9.38 million bags in July 2017, compared with 8.45 million in July 2016.
• Exports in the first 10 months of coffee year 2016/17 (Oct/16 to July/17) have increased by 5.9% to 101.93 million bags compared to 96.26 million bags in the same period in the last coffee year.
• In the twelve months ending July 2017, exports of Arabica totalled 76.98 million bags compared to 70.15 million bags last year; whereas Robusta exports amounted to 45.54 million bags compared to 44.03 million bags.
Find more facts and figures about Coffee Trade Statistics>>
Welcome visit from the Ambassador of the Democratic Republic of the Congo
The Executive Director, Mr José Sette, was honoured to welcome Her Excellency Ms Marie-Marguerite Ndjeka Opombo to the ICO this week. Accompanied by Mr Corneille Tabalo, the Congo Embassy’s official representative to the ICO, this visit provided a valuable opportunity to discuss the country’s coffee sector development strategy for which the ICO will lend its support. Her Excellency also congratulated Mr Sette on his appointment as ICO Executive Director and extended an invitation for him to visit the Democratic Republic of Congo next year. Members are always welcome to visit the ICO offices. Contact firstname.lastname@example.org for more information. Read more on the ICO blog>>
Coffee prices increase as concerns about Brazil’s 2017/18 crop emerge
The ICO composite indicator price rose above 130 US cents/lb for the first time since April as reports emerged from Brazil about lower yields and quality issues related to the 2017/18 crop. Coffee exports have stabilized in the last two months but cumulative exports remain well above the levels reached in the previous year and leave consumer stocks well supplied. The production estimate for 2016/17 has been revised up to 153.9 million bags, which constitutes an all-time record. The output of Arabica and Robusta is estimated to be 10.2% higher and 10.6% lower compared to coffee year 2015/16, respectively. Read the latest Coffee Market Report>>
Meeting ICO Executive Director and SAGARPA Under Secretary of Agriculture
On August 3, as part of his visit to Mexico to attend the Latin American Coffee Summit 2017/V International Women's Coffee Alliance Convention (IWCA), Mr José Sette, the Executive Director of the International Coffee Organization, met with Mr Jorge Narváez, Under Secretary of Agriculture of SAGARPA (Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food). The subjects discussed included the Mexican coffee policy and the collaboration between Mexico and the ICO.
Latin American Coffee Summit 2017/V International Women's Coffee Alliance Convention
The Executive Director of the International Coffee Organization, Mr José Sette, delivered a speech at the opening ceremony of the Latin American Coffee Summit 2017/V International Women's Coffee Alliance Convention (Cumbre Latinoamericana de Café 2017/V Convención de la Alianza Internacional de Mujeres en el Café), held in Puebla, Mexico, from 3 to 5 August 2017. In his speech, Mr Sette explored ways for the ICO to assist in empowering women in coffee. Speech>>See previous news
|ICO Indicator prices
(US cents/lb) 21/03/2018
1 October is #InternationalCoffeeDay.
Thank you for celebrating International Coffee Day with us this year. Watch out for more details about plans for ICD 2018.
7th Consultative Forum on Coffee Sector Finance
The 7th Forum took place in Yamoussoukro on 27 September 2017. Learn more>>
Latest ICO Studies & Reports
• Value addition in the African coffee sector (Published September 2017)
• Assessing the economic sustainability of coffee growing (Published September 2016)
• Coffee in the Russian Federation (Published August 2015)
• Coffee in China (Published August 2015)
• The impact of the price of oil and the US dollar exchange rate on coffee prices (Published August 2015)
• Sustainability of the Coffee Sector in Africa (Published August 2015)
ICO Coffee Library
The ICO has a unique Library containing an international reference collection, built up over 40 years of more than 13,000 monographs (books, reports, theses, pamphlets) and over 200 periodical titles covering all aspects of coffee.