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Ico releases second issue of its Coffee Break Series on Covid-19 and price volatility

Coffee Break Series

LONDON, UK – The Ico has released the second issue of the Coffee Break Series. The covid-19 pandemic is a dramatic public health crisis with significant impacts on economies around the world. This issue of the Coffee Break Series focuses on supply and demand side effects on coffee price volatility.

The novel coronavirus represents an unprecedented joint supply and demand shock to the global coffee sector, constituting an enormous challenge to coffee growers, farm workers, domestic supply chains and international trade.

The various supply and demand impacts will be felt at different points in time further contributing to global market uncertainties and the ongoing price volatility.

The pandemic may also have major implications for poverty and food insecurity for the world’s 25 million coffee producers, most of whom are smallholders in low- and middle-income countries that are less prepared to respond to a public health crisis of this proportion.

The second issue of the Coffee Break Series analyses:

  • The recent evolution of coffee prices and high volatility;
  • Covid-19’s impact on coffee prices;
  • Key factors driving the high volatility in coffee prices
  • Market outlook

The publication is the first joint work with the International Food Policy Research Institute under a new collaboration that aims at leveraging ICO statistical data and in-house capacity for economic research.

You can download here the report.