The International Coffee Organization (ICO) has launched the Coffee Market Intelligence Platform, an online platform that brings together data on the global coffee market in one place. The announcement was made in Geneva during the 142nd session of the International Coffee Council.
The platform includes the ICO composite indicator price, New York arabica and London robusta futures prices, production and consumption figures, certified stocks and export and import flows, broken down by origin, destination, species and processing method. Data for the most recent full year is freely available to the public, while historical data and data extraction are reserved for members and subscribers.
“Good data cannot eliminate volatility, but it can reduce uncertainty,” said ICO Executive Director Vanúsia Nogueira. The platform is aimed at producers, traders, investors and policymakers at a time when coffee prices have been highly volatile.
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Source: Daily Coffee News