49th General Assembly of the InterAfrican Coffee Organization (IACO)

23 November 2009

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 NÚstor 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.

ICO Indicator prices
(US cents/lb)  17/09/2019
ICO Composite 97.76 -2.5%
Colombian Milds 131.84 -2.4%
Other Milds 129.52 -2.7%
Brazilian Naturals 98.81 -3.6%
Robustas 70.32 -1.0%

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