48th General Assembly of the InterAfrican Coffee Organization (IACO)

20 November 2008

The 48th General Assembly of the InterAfrican Coffee Organization (IACO) took place in Libreville, Gabon, on 20 and 21 November, preceded by a Forum on the finance of coffee in Africa on 18 and 19 November which was opened by the Prime Minister of Gabon, H.E. Mr Jean Eyeghe Ndong. The ICO Head of Operations, Mr José Sette, reported on membership of the ICA 2007, with 15 African countries among the 34 Governments to have signed the Agreement to date, and changes in statistical reporting as a result of the future entry into force of the new Agreement. The ICO Chief Economist, Mr Denis Seudieu, made a presentation on the current market situation and participated in a workshop on the ICO/CFC project “Developing the Potential of Gourmet Robusta Coffee in Gabon and Togo”. The Forum evaluated the African experience in the delivery of agricultural credit, development of institutions, infrastructure and other themes relevant to the financing of the coffee sector. IACO has 25 Member states, representing 12% of world coffee production, and is headed by Ambassador Josefa Sacko, Secretary-General.

ICO Indicator prices
(US cents/lb)  2/2/2023
ICO Composite 172.50 +0.6%
Colombian Milds 237.34 +0.6%
Other Milds 226.26 +1.4%
Brazilian Naturals 192.86 +0.6%
Robustas 102.00 -0.3%

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