The Consulate-General of Brazil in Sydney hosted a breakfast to celebrate International Coffee Day 2019 on 1 October.
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July coffee prices reach 2019-high despite downward drift
According to the International Coffee Organization (ICO) July 2019 market report, the monthly average of the ICO composite indicator rose by three per cent to 103.01 US cents per pound in July 2019. This marks the highest monthly average since November 2018.
However, the daily composite indicator started at a high of 107.87 US cents (about $152.43) per pound on 4 July and fell to 98.57 US cents per pound by the end of the month.
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International coffee prices see sustained growth over June
The monthly average of the International Coffee Organization (ICO) composite indicator rose 7.1 per cent to 99.97 US cents per pound in June 2019. This marks the first increase in the monthly average since January 2019.
The daily composite indicator ranged between 95.17 US cents per pound on 18 June and 105.25 US cents per pound on 28 June. The daily price rose above US$1 for the first time since 18 February 2019 on 30 May and remained above that level for nine days.
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Flavour fights futures: How Zest Specialty Coffee combats coffee prices
Zest Specialty Coffee’s Darren Stinson on what roasters can do to soften the impact of the low C-market and support the ongoing investment of quality coffee production.
It’s important to constantly re-evaluate your vision, to sit at the drawing board again and again until your direction aligns to benefit the entire supply chain. It’s something we at Zest Specialty Coffee, as a small to medium-scale specialty roaster, have no objection in doing to ensure our direction benefits the entire supply chain, the most vulnerable and most important members of our industry – the producers.
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Coffee prices reach newest low in more than a decade
In April 2019, the International Coffee Organization (ICO) composite indicator fell by 3.2 per cent to 94.42 US cents per pound, the lowest monthly average since July 2006 when the price reached 88.57 US cents per pound.
The daily price fell to 91.79 US cents per pound on 17 April, the lowest it had been since 1 August 2006 when it hit 88.77 US cents per pound.
The ICO says prices for all group indicators fell in April 2019.
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ICO reports 13-year low coffee prices
In March 2019, the International Coffee Organization (ICO) composite indicator fell by 3.1 per cent to 97.50 US cents per pound, the lowest monthly average of coffee prices since October 2006, when the price was 95.53 US cents per pound.
The ICO reports that price movements for all group indicators have fallen, contributing to the low composite indicator.
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International coffee prices slide in February
According to the International Coffee Organization (ICO) February 2019 market report, the ICO composite indicator fell by 0.9 per cent to 100.67 US cents per pound, similar to levels in December 2018.
This is slightly higher than the lowest monthly average of 100.61 US cents per pound reached in coffee year 2018/19 for December 2018. However, it is 27.5 per cent below the 10-year average of 138.84 US cents per pound.
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ICO reports sharp decline in coffee prices in December
The International Coffee Organization (ICO) has revealed that coffee prices declined 8.2 per cent in December 2018.
In its 2018 market report, the ICO composite price indicator fell from 109.59 US cents (about $1.53) per pound in November to 100.61 US cents per pound in December.
The daily price fell as low as 97.59 US cents per pound on 18 December.
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