News from the Executive Director
| Trade Statistics - December 2011 |
World coffee exports amounted to 9.14 million bags in December 2011, compared with 9.2 million in December 2010. Exports in the first 3 months of coffee year 2011/12 (Oct/11 to Dec/11) have decreased by 1.4% to 24.39 million bags compared to 24.74 million bags in the same period in the last coffee year. In calendar year 2011, exports of Arabica totalled 66.34 million bags compared to 65.09 million bags last year; whereas Robusta exports amounted to 37.34 million bags compared to 31.76 million bags.
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| Expert Meeting on Commodities and Development (UNCTAD) |
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The Chief Economist, Mr Denis Seudieu, was invited to speak at a multi-year Expert Meeting on Commodities and Development organized by UNCTAD in Geneva on 25 and 26 January 2012. Presentation
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| 4th India International Coffee Festival |
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The Executive Director, Robério Silva gave an inaugural address at the 4th India International Coffee Festival which took place in New Delhi, India from 18 – 20 January 2012 on the theme of ‘Growing with coffee’. The festival was attended by over 400 delegates. In addition to an exhibition and workshops, it included a conference dealing with topics such as the outlook for coffee, factors influencing coffee prices, and European markets. Dignitaries attending the Festival included Mr. Anand Sharma, Hon. Union Minister for Commerce and Industry and Textiles, Mr. Jyotiraditya Scindia, Hon. Minister of State for Commerce and Industry, Mr. Madhusudan Prasad, IAS, Additional Secretary (Plantations) at the Ministry of Commerce and Industry, Dr. Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission, Mr. Anup K. Pujari, IAS, Director General of Foreign Trade, Department of Commerce, Mr. Anil Kumar Bhandari (President, India Coffee Trust and Vice-Chairman, IICF 2012) and Mr. Jawaid Akhtar, Chairman of the Coffee Board of India and Chairman, IICF 2012. In his presentation to the Conference, Mr Silva gave an overview of the international coffee outlook and analyzed recent trends in supply, demand and prices. Presentation
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| Monthly Coffee Market Report - December 2011 |
In December 2011 Arabica prices underwent significant downward corrections while Robusta prices increased slightly. The average of the 2nd and 3rd positions on the New York futures market fell by 3.4% from 235.25 to 227.23 US cents/lb, causing its differential with the London futures market to narrow by 6.6%.
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