Brazilian government reaffirms support for the International Coffee Organization

30 July 2010

The Secretary of Production and Agroenergy, Manoel Vicente Fernandes Bertone, and the Head of the Coffee Department, Robério Oliveira Silva, of the Ministry of Agriculture, Livestock and Food Supply of Brazil visited the ICO where they met with the Executive Director, Néstor Osorio, and the Head of Operations, José Sette. During the meeting, they examined the state of the world coffee market and concluded that the current tight demand/supply situation is likely to persist in the near- to medium-term. The ratification of the 2007 International Coffee Agreement by the Brazilian Congress was also discussed. The Brazilian representatives stated their confidence in the successful conclusion of the ratification process and their country’s appreciation for the indispensable role of the ICO in the world coffee economy.

ICO Indicator prices
(US cents/lb)  11/12/2017
  change
ICO Composite 111.48 -1.9%
Colombian Milds 137.87 -2.0%
Other Milds 134.23 -1.8%
Brazilian Naturals 117.38 -2.5%
Robustas 87.05 -1.3%

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