coffee prices December

Coffee prices rise in December

The International Coffee Organization (ICO) composite indicator increased in December by 4.6 per cent to 114.74 US cents per pound, as prices for Arabica group indicators increased.
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Coffee Year 2019/20

Coffee Year 2019/20 ends in surplus

Global coffee production in 2019/20 is estimated at 169.34 million bags, 2.2 per cent lower than last year, according to the International Coffee Organization (ICO) September Coffee Market Report.
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Coffee prices fall

Coffee prices fall for third month straight

The International Coffee Organization (ICO) composite indicator fell by 5.2 per cent to an average of 99.05 US cents per pound in June 2020, the third consecutive month of decrease. This is the first time since October 2019 that the ICO composite indicator has fallen below 100 US cents per pound. The daily price of the ICO composite indicator spent more than half of the month below that benchmark, ranging between a low of 96.79 US cents per pound on 25 June and 101.27 US cents per pound on 8 June.
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Ethiopia Cup Excellence auction

Ethiopia Cup of Excellence auction breaks several records

The 2020 Ethiopia Cup of Excellence (COE) auction broke records, with total sales of US$1,348,690 (about $1,966,738) topping the previous record of US$830,245 from El Salvador in 2011. The El Salvador auction had 42 lots for sale, while the COE Ethiopia auction included only 28, achieving a record-high average price of US$28 per pound.
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coffee price stabilisation fund

Colombian government launches $97 million coffee price stabilisation fund

The Colombian Government has announced the launch of the Coffee Price Stabilisation Fund (FEPC) worth COL$218 billion (about $97 million). The FEPC aims to secure the nation’s coffee farmers against volatile international coffee prices. “It is an instrument that gives certainty [and] tranquillity to coffee producers that they will receive predetermined prices for their product. [Now they] can be dedicated to growing the best coffee in the world and not worry about those price fluctuations,” says Alberto Carrasquilla, Minister of Finance.
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coffee prices

Coffee prices fall again in January after two-month rise

According to the International Coffee Organization (ICO) January 2020 Coffee Market Report, coffee prices fell again in January following a two-month rise. The ICO composite indicator reversed its gains from December 2019, averaging 106.89 US cents per pound. The daily price of the ICO composite ranged between 99.78 US cents per pound on 29 January and 115.18 US cents per pound on 2 January.
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