Common Fund for Commodities (CFC) commemorated its 20th anniversary
14 December 2009
The Common Fund for Commodities (CFC) commemorated its 20th anniversary and organized a seminar to analyse the Role of Commodities in Development on 14 December 2009. The Seminar took place in The Hague and was chaired by the CFC Managing Director, Ambassador Ali Mchumo. The Mayor of The Hague spoke at the official opening and the keynote speaker was Mr Rubens Ricupero, former Secretary-General of UNCTAD. The ICO Executive Director, Mr Néstor Osorio, was invited to speak on behalf of all International Commodity Bodies (ICBs) on the theme of international commodity governance and the role of ICBs. In his intervention, he highlighted the value of cooperation between the CFC and ICBs and the importance of the work of these institutions in developing and implementing projects in Member countries since 1989, with over 280 projects with a value of US$500 million approved during that time. High-level representatives of international organizations also contributed to the Seminar sessions, including Arab Organization for Agricultural Development (AOAD), Food and Agriculture Organization of the United Nations (FAO), UN Industrial Development Organization (UNIDO), UN-Habitat, UNCTAD and the World Trade Organization (WTO).
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| ICO Indicator prices (US cents/lb) 2/2/2023 |
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| change | ||
| ICO Composite | 172.50 | +0.6% |
| Colombian Milds | 237.34 | +0.6% |
| Other Milds | 226.26 | +1.4% |
| Brazilian Naturals | 192.86 | +0.6% |
| Robustas | 102.00 | -0.3% |
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