Television interview to Reuters
23 June 2009
The Executive Director of the International Coffee Organization, Néstor Osorio, would like to provide clarification on comments made in a television interview to Reuters, in London, on 23 June. According to the transcript, it was indicated that the next Brazilian crop could reach “close to 60 million bags”. This does not reflect at all the remarks made at the time, which dealt with the biennial nature of Brazilian coffee production, in which off-years with low production (such as is forecast in 2009/10) are followed by on-years with higher output. As such, it is well known that the next Brazilian crop will be higher than the current one. It was said that there is a theoretical potential for Brazil to produce crops close to 60 million bags, a point that has been made by many coffee analysts. However, it was pointed out that this would require ideal climatic and economic conditions. At no point was it implied that such conditions could be expected to prevail in next year’s crop, even if only because it is premature to speak about the 2010/11 crop at this time.
The ICO does not produce crop estimates for any Member country and relies on production figures supplied by its designated official contacts. This can be seen in the April edition of its Monthly Market Report, which states that: “With regard to crop year 2009/10, I have just received the second estimate from CONAB, the government agency responsible for agricultural estimates in Brazil. Production is forecast to reach 39.1 million bags, of which 28.3 million bags of Arabica and 10.8 million of Robusta. I am waiting for information from other origins before providing an estimate of world production in 2009/10.” This continues to be the official position of the ICO.
The Executive Director hopes this will dispel any misunderstanding that may have arisen.
|ICO Indicator prices
(US cents/lb) 18/05/2018
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.