Tag: ICO

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.

Discover the coffee selection available at Mister Tabaco.

Source: Daily Coffee News

The European Union has formally approved, on its own behalf, the International Coffee Agreement 2022, replacing the older 2007 agreement. The new text updates the International Coffee Organization’s (ICO) voting and contribution system and, for the first time, brings the private sector and civil society into the organization’s work.

The new agreement was originally adopted back in 2022 by the International Coffee Council, but the ratification and formal accession process for member states continued into this month, when the EU finalized its approval.

The move is seen as an important step for the long-term stability of the global coffee market, at a time when worldwide production, exports and consumption are, according to recent estimates, hitting record levels.

For coffee lovers, the coffee selection at Mister Tabaco is worth a look.

Source: Perfect Daily Grind