• About
  • Subscribe
  • Advertise
  • Contact
  • MICE
Tuesday, May 13, 2025
Newsletter
SUBSCRIBE
  • Latest News
  • Features
  • Business Leaders
  • Profiles
  • Equipment
  • Research
  • Technology
  • Events
    • International Coffee Events
    • World Coffee Events
  • Market Reports
  • Sustainability
No Results
View All Results
  • Latest News
  • Features
  • Business Leaders
  • Profiles
  • Equipment
  • Research
  • Technology
  • Events
    • International Coffee Events
    • World Coffee Events
  • Market Reports
  • Sustainability
No Results
View All Results
Home

International Coffee Council brings attention to price crisis

by Staff Writer
September 24, 2018
in News
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter

International Coffee Organization (ICO) members from coffee-producing countries in Africa, Latin and Central America, Asia and the Pacific, raised concerns over low coffee prices at the 122nd Session of the International Coffee Council (ICC) from 17 to 21 September. Recently, the international price of coffee fell below the threshold of US$1 per pound, jeopardising the livelihood of 25 million coffee farmers. ICO says the crisis could force coffee farmers to abandon coffee production, switch to growing illicit crops, or aggravate already dramatic migration flows. This adds to growing concerns about the sustainability of future coffee supply on top of the expected negative impact of climate change. “ICO analysis suggests that the worst part of the crisis may be approaching its end but this will depend on the development of the Brazilian Real as a result of the elections in that country,” ICO Executive Director José Sette says. “In any case the price crisis must not be neglected.” Columbia University Professor Jeffrey Sachs presented the preliminary results of a study on prices based on ICO data, including suggested options under review to support industry and consumers to transfer funds back to poor growers. To allow coffee stakeholders to access funds and technologies, the session included a Forum on Innovation, a Donors’ Forum and a Partnership Fair. These brought together key donors, international organisations and financial institutions, as well as technology providers to address the situation of price and productivity on livelihood of small growers, and climate change. Solutions aim to facilitate access to funding and blending public and private funds and to contribute to the de-commoditisation of coffee, thereby reducing the vulnerability of green coffee price shocks. Related stories El Salvador leverages online platform to avert impact of price crisis ICO report shows lowest prices since 2013 FNC calls for action on falling coffee prices ICO publishes new guide to unlock green and climate funding The Council and ICO Members decided that in 2018/19, the organisation annual theme will be Profitability: Consumption and Productivity, in response to the demand by members to better understand the price structure and volatility affecting coffee growers. The ICC has decided to launch a global communication plan to raise awareness among consumers on the economic reality of the coffee sector and called on the ICO to further promote dialogue among all coffee stakeholders.

Related Posts

Peet's will also take over management of L'Or Barista machines in the US as part of the announcement.

JDE Peet’s reports Q1 2025 results

by Daniel Woods
May 12, 2025

International coffee company JDE Peet’s has released an interim update on its year-to-date business and financial performance. Key to the...

Image: sidneydealmeida/stock.adobe.com

Brazil boosts 2025 harvest forecast

by Daniel Woods
May 9, 2025

Brazil has increased its forecast for coffee production in 2025 according to Brazil’s National Supply Company (Conab). Production is expected...

The new cup and lid will initially be rolled out in 10 key markets.

Starbucks releases sustainable version of its takeaway cup

by Daniel Woods
May 9, 2025

Starbucks has launched a new, more sustainable version of its takeaway cup in Europe, which has replaced the cup’s plastic...

Please login to join discussion

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.
Prime Creative Media launched Global Coffee Report in April 2011 with the aim of promoting, growing and informing the global coffee industry through the provision of the most relevant and current information and in-depth analysis from the sector’s most influential voices.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Global Coffee Report

  • About
  • Advertise
  • Subscribe
  • Magazine
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • Latest News
  • Profiles
  • Products
  • Market Reports
  • Technology
  • Equipment
  • Marketing

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
SUBSCRIBE
  • News
  • Features
  • Business Leaders
  • Profiles
  • Equipment
  • Research & Development
  • Technology
  • Events
    • International Coffee Events
    • World Coffee Events
  • Market Reports
  • Sustainability
  • About Us
  • Advertise with Global Coffee Report
  • Latest Magazine
  • Contact Global Coffee Report

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited