In December 2021, coffee prices reached a new multi-year high as the monthly average of the International Coffee Organization (ICO) composite indicator price broke through the 200 US cents per pound mark, averaging 203.06 US cents per pound.
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Coffee prices reach a 10-year high
In November 2021, coffee prices reached new multi-year highs, as the monthly average of the International Coffee Organization (ICO) composite indicator price reached 195.17 US cents per pound, an increase of 7.5 per cent as compared to 181.57 US cents per pound in October 2021.
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Brazil presents candidate for ICO Executive Board
The federal government has presented Vanusia Nogueira as Brazil’s candidate for Executive Director of the International Coffee Organization (ICO).
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Nigeria officially joins the International Coffee Organization
Nigeria has been welcomed as a new member of the International Coffee Organization (ICO) and the International Coffee Agreement (ICA) 2007.
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Coffee consumption to resume pre-COVID levels as coffee prices recover
In October 2021, the International Coffee Organization (ICO) found that coffee prices had reached new multi-year highs, as the monthly average of the ICO composite indicator price increased by 6.8 per cent to 181.57 US cents per pound, as compared to 170.02 US cents per pound in September 2021.
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