Thursday 20 June 2024
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world coffee consumption

ICO sees 2023/24 world production at 178 million bags, up 5.8% on year

LONDON, UK – The ICO Composite Indicator Price (I-CIP) averaged 161.53 US cents/lb in November, a 6.3% increase from October 2023, reports the International...

ICO sees 2023/2024 an “exceptional off-year” for coffee production in Brazil

LONDON, UK – The world coffee market is expected to run a surplus of 1.0 million bags in coffee year 2023/24, said the International...

Ico Report: prices fall to their lowest since September 2021

LONDON, UK – The ICO Composite Indicator Price (I-CIP) lost 10.6% from September to October 2022, averaging 178.54 US cents/lb for the latter, show...

Ico report cuts world coffee production surplus estimate for 2019/20 to less than 1m bags

LONDON, UK – In November, the ICO composite indicator rose by 3.6% to 109.70 US cents/lb as prices for all group indicators increased, except...

Ico estimates a surplus of of 1.5m bags for CY 2019/20, consumption seen down 0.5%

  LONDON, UK – Global coffee production in 2019/20 is estimated at 169.34 million bags, 2.2% lower than last year, as output of Arabica decreased...

Ico revises its forecast and estimates a surplus of 952,000 bags for CY 2019/20

LONDON, UK – The average of the ICO composite indicator in August rose by 10.7% to 114.78 US cents/lb. All group indicator prices rose...

Usda forecasts world coffee production for 2020/21 at a record 176.1 million bags (5.4%)

MILAN – The United States Department of Agriculture (USDA), through its Foreign Agricultural Service, has released the new Coffee: World Markets and Trade report...

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