New ICO coffee development project approved

18 November 2011

Qualitative and quantitative rehabilitation of coffee with the aim of improving the living conditions of coffee farmers afflicted and displaced by war: The Common Fund for Commodities has announced that its Executive Board has approved the financing of a new project sponsored by the ICO. The project is aimed at improving the sustainable livelihoods of coffee producers affected or displaced by war in the Eastern provinces of the Democratic Republic of Congo. The total cost of the project is US$1.61 million, including a contribution of US$1.37 million from the CFC of which US$700,000 will be contributed by the OPEC Fund for International Development.
Proposal

ICO Indicator prices
(US cents/lb)  2/2/2023
  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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1 October is #InternationalCoffeeDay

Every year on 1 October, the world comes together to celebrate coffee and recognise the millions of people across the globe - from farmers, to roasters, baristas, coffee shop owners and more  - who work hard to create and serve the beverage we all love.

This year we're on a collective mission to help coffee farmers around the world receive a fair, living income. But to do it we need your help, find out more at: International Coffee Day


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