Ethiopian State Minister of Trade attends 115th session of the International Coffee Council in Milan
The delegation from the country of Ethiopia presented plans for the 4th World Coffee Conference taking place in Addis Ababa on 6-8 March 2016. H.E. Mr Yacob Yala, State Minister of Trade, heads the Ethiopian delegation at the 115th Session of the International Coffee Council taking place from 28 September to 2 October 2015 in Milan, Italy.
Read more on the ICO Blog>>
Statement by the Russian Federation at the 115th Session of the International Coffee Council
Members of the ICO officially welcomed the Russian Federation into the Organization at the 115th Session of the International Coffee Council on 28 September in Milan. H.E. Dr Alexander Yakovenko, Ambassador of the Russian Federation to the United Kingdom, delivered remarks to the Council.
Read his statement on the ICO Blog>>
Statement by Japan at the 115th Session of the International Coffee Council
Members of the ICO officially welcomed Japan as a Member of the Organization at the 115th Session of the International Coffee Council on 28 September 2015 in Milan. Read the statement delivered by Japan’s Director of the Ministry of Foreign Affairs, Mr Kenishiro Matsubayashi, on behalf of the Government of Japan.
Click here to view the statement on the ICO Blog>>
ICC Resolution 457: Strategic review of the ICO
At the 115th Session of the International Coffee Council, Members resolved to establish a working group to coordinate a strategic assessment of the Organization, with the goal of sharpening the strategic focus and defining better the priorities of the Organization in order to provide adequate guidance to the Secretariat.
Click here to read the resolution>>
ICC Resolution 456: Extension of the time limit for ratification, acceptance, approval or accession
At the 115th Session of the International Coffee Council, Members resolved to extend the period for the deposit of instruments of ratification, acceptance or
approval of the International Coffee Agreement 2007 and to extend the period for the deposit of instruments of accession to the International Coffee Agreement 2007 with the Depositary.
Click here to read the resolution>>
Coffee Market Report August 2015 - Volatility returns to the coffee market as prices stay low
Daily coffee prices hit their lowest level in 19 months during August, as commodity markets worldwide were negatively affected by currency movements and economic news out of China. Further uncertainty could be provoked by reports that this year’s El Nińo event could be one of the strongest on record, potentially disrupting the timing and volume of rainfall in several producing countries. Coffee exports in July 2015 came to 9.6 million bags, 3.6% lower than last year, with total exports for the first ten months of coffee year 2014/15 (October to July) 2.8% lower on 92.9 million bags. Finally, the Brazilian government agency Conab have reported that private stocks in Brazil dropped by 849,000 during crop year 2014/15 to 14.4 million bags at the end of March 2015.
Read the latest Coffee Market Report on our blog>>
How are you celebrating International Coffee Day?
On 1 October 2015, coffee lovers from all over the globe will come together to celebrate the first official International Coffee Day. The ICO will launch a dedicated website for the annual event. Let us know how you’re celebrating by submitting your event or campaign details to be featured on the official website.
Visit the ICO Blog for details>>
Coffee Trade Statistics - July 2015
• World coffee exports amounted to 9.59 million bags in July 2015, compared with 9.95 million bags in July 2014.
• Exports in the first ten months of coffee year 2014/15 (Oct/14 to July/15) have fallen by 2.8% in comparison with the first ten months of the last coffee year.
• In the twelve months ending July 2015, exports of Arabica totalled 68.29 million bags compared to 69.98 million bags last year; whereas Robusta exports amounted to 43.31 million bags compared to 43.90 million bags.
More facts and figures about the coffee trade in our #CoffeeTradeStats infographic>>
Coffee Market Report July 2015 - Coffee prices fall to 18-month low as supply concerns fade
The coffee market registered further decreases in July with prices reacting to the depreciation in the Brazilian exchange rate, which dropped to a 12-year low against the US dollar. Concerns over production in Brazil have largely subsided, although some recent domestic reports have reiterated that the crop could still be feeling the effect of last year’s drought. This could potentially result in a smaller bean size, which would reduce overall output.
Read the full market report on the ICO Blog>>
Coffee Trade Statistics - June 2015
Update: The following text was amended on 03 August to correct a calculation error in figures for total exports and exports of Arabica.
• World coffee exports amounted to 9.69 million bags in June 2015, compared with 10.02 million bags in June 2014.
• Exports in the first nine months of coffee year 2014/15 (Oct/14 to June/15) have fallen by 4.3% in comparison with the first nine months of the last coffee year.
• In the twelve months ending June 2015, exports of Arabica totalled 67.31 million bags compared to 69.34 million bags last year; whereas Robusta exports amounted to 43.12 million bags compared to 44.66 million bags.
More facts and figures about the coffee trade in our #CoffeeTradeStats infograph>>
Ecuadorian ambassador visits the ICO
The new Permanent Representative of Ecuador to the ICO, H.E. Ambassador Carlos Abad Ortiz, paid a courtesy visit to the ICO on 24 July 2015 to meet with Mr Robério Oliveira Silva, Executive Director at ICO.
Japan returns as a Member of the International Coffee Organization
The Executive Director is pleased to announce the return of Japan as a Member of the International Coffee Organization. The Japanese Government deposited the instrument of accession on 23 July 2015. Japan becomes the 8th importing Member of the ICO and joins the European Union, Norway, the Russian Federation, Switzerland, Tunisia, Turkey, and the United States of America in that category. Learn more on our blog>>
Colombia completed membership procedures of the International Coffee Agreement 2007
The Executive Director is pleased to announce that the Colombian Ambassador, His Excellency Mr Néstor Osorio, deposited an instrument of ratification this afternoon, 22 July 2015. Accordingly, Colombia has now completed membership procedures of the ICA 2007.
Learn more on the ICO Blog>>
ICO's Executive Director delivers a speech at the 2015 International Coffee Convention in Mexico
Mr Robério Oliveira Silva, Executive Director of the ICO, delivered a speech at the 2015 International Coffee Convention in Mexico City this month. The event was hosted by the Mexican Government through the Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA).
Watch the video on the ICO Blog>>
|ICO Indicator prices
(US cents/lb) 01/10/2015
1 October is International Coffee Day
How will you celebrate? Visit www.internationalcoffeeday.org to find events near you.
Join us for Global Coffee Forum
30 September to 1 October in Milan, Italy.
Latest ICO Studies & Reports
• Coffee in the Russian Federation (18 August 2015)
• Coffee in China (Published 10 August 2015)
• The impact of the price of oil and the US dollar exchange rate on coffee prices (Published 26 August 2015)
• Sustainability of the Coffee Sector in Africa (Published 26 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. Learn more>>