Monthly Coffee Market Report - November 2013
The ongoing deterioration of coffee prices steadied slightly in November, but the monthly averages
of all the ICO indicator prices remain at multi]year lows. The ICO composite indicator price averaged
100.99 US cents/lb, 5.6% lower than October and the lowest monthly level in six and a half years. Crop year
2012/13 saw a surplus of production over consumption, with good crops in most major producing countries
allowing both exporters and importers to replenish stocks and thus putting downward pressure on prices.
Trade Statistics - October 2013
World coffee exports amounted to 8.49 million bags in October 2013, compared with 9.39 million in October 2012. Exports in this first month of coffee year 2013/14 (Oct/13 to Sep/14) have fallen by 9.6% in comparison with the first month of last coffee year. In the twelve months ending October 2013, exports of Arabica totalled 68.52 million bags compared to 67.31 million bags last year; whereas Robusta exports amounted to 40.89 million bags compared to 42.17 million bags. More
1st African Coffee symposium and 53th General Assembly of IACO
The 1st African Coffee Symposium and the 53th Annual General Assembly of the InterAfrican Coffee Organization (IACO) took place in Lomé, Togo from 18 to 22 November 2013 on the theme of Sustainability of African coffee industry. The Opening Ceremony was chaired by Mrs Bernadette Balouki-Legzim, Minister of Trade and Private Sector Promotion, Togo, accompanied by Mr Octave Nicoué Broohm, Minister of Higher Education, who represented the President of Togo. The Secretary-General of IACO, Mr Frederick Kawuma, opened the proceedings and the ICO Head of Operations, Mr Mauricio Galindo delivered a message on behalf of the Executive Director, Mr Roberio Silva, inviting the Secretary-General to expand membership of IACO to other African countries such as South Africa and Egypt that are non-coffee producing countries but have great potential for coffee consumption. The ICO Chief Economist, Mr Denis Seudieu, made a presentation on the outlook for the world coffee market. The 1st African Coffee Symposium analysed challenges facing the sector and the need for continued international cooperation to ensure a sustainable coffee economy. IACO has 25 Member states, representing 12% of world coffee production.
2nd International Ethiopian Coffee Conference
The Executive Director of the ICO, Mr Robério Oliveira Silva, was invited to speak at the 2nd International Ethiopian Coffee Conference which took place in Addis Ababa on 4 and 5 November 2013, organized by the Ethiopian Coffee Exporters Association. The theme of the conference was Building a sustainable coffee future. The Conference was opened by the President of the Republic of Ethiopia, H.E. Dr Mulatu Teshome and attended by dignitaries including H.E. Mr Yacob Yala, State Minister of Trade. During his visit, the Executive Director had a meeting with the President to discuss coffee issues.
ICO composite and group indicator prices
New market shares and their weightings in the calculation of group indicator and ICO composite prices are effective from 1 October 2013.
For more details:
document ICC-105-17 add. 1
Critical situation in East and Central Africa caused by black coffee twig borer
During the 50th anniversary meetings of the ICO in Belo Horizonte, Brazil, the International Coffee Council approved Resolution 453 on the critical situation in East and Central Africa caused by black coffee twig borer. Resolution
International Coffee Council - 9 to 12 September 2013
The International Coffee Council, chaired by Mr Jose Angel Lopez Camposeco, met in Belo Horizonte, Brazil from 9 to 12 September 2013, on the occasion of the 50th anniversary of the ICO, and considered the following matters. More
Belo Horizonte Declaration
During the 50th anniversary meetings of the ICO in Belo Horizonte, Brazil, the International Coffee Council approved the Belo Horizonte Declaration. Declaration
Coffee Leaf Rust outbreak
The current epidemic of coffee leaf rust affecting all countries of the region with a 53% incidence is the worst seen since this pest appeared in Central America in 1976.
- Coffee Leaf Rust management DVD
Coffee Board of India
- Strategy to combat rust urgently needed (in Spanish)
El Diario de Hoy - El Salvador
- Rust affects 74% of coffee production in El Salvador (in Spanish)
La Prensa Gráfica
- Rust outbreak will have serious social repercussions in Honduras (in Spanish)
- The Executive Director of the International Coffee Organization highlights support of Sandinista government for coffee producers (in Spanish)
- Coffee consuming countries should support producers (in Spanish)
|ICO Indicator prices
(US cents/lb) 04/12/2013
3rd Consultative Forum
The 3rd Consultative Forum took place on 10 September 2013 in Belo Horizonte, Brazil, on the topic of aggregation - More
Monthly coffee market report
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