Mexico
Arabicas drop slightly while Robustas remain firmly above 120.00 US cents/lb
The ICO reports that Arabicas drop while Robustas remain above 120.00 US cents/lb in September; world economies and rising costs of living expected to impact consumption.
Robusta prices hit near record highs in August
The International Coffee Organization reports that Arabica-Robusta price movements recouple in August — Robustas remain at near record highs.
Robusta prices hit a 28-year in June
The ICO reports that Robustas reached a 28-year high in June amid further narrowing of the Arabica-Robusta differentials.
Heifer International and EthicHub invest in smallholder coffee farmers in Mexico
The companies have announced a joint investment of $420,000 with Heifer Labs and Heifer Mexico to improve financial access for smallholder coffee farmers in Mexico through the EthicHub Regenerative Finance (ReFi) platform.
Nescafé Plan 2030 Progress Report published
Nescafé has published its first Nescafé Plan 2030 Progress Report (pdf, 12Mb), conducted in partnership with the Rainforest Alliance, from 2018 to 2022.
World Coffee Research releases new Robusta variety catalogue
Robusta farmers have a new open-access resource at their fingertips—World Coffee Research’s (WCR) Robusta Variety Catalog, which is available in English and Spanish, and profiles 47 robusta varieties.
April coffee prices rise on the heels of decreasing exports
In its latest report, the ICO stated that the I-CIP expanded to 178.57 US cents/lb in April 2023, supported by decreasing exports.
Nescafé launches soluble cold coffee
Nescafé is launching Ice Roast, the brand’s first ever soluble coffee designed especially for consumption with cold water or milk, over ice.
Coffee prices stabilised in January, with a slight decrease
Amid fluctuations and a slight price drop, the I-CIP picked up in January.
Despite a 12.3% setback in November, coffee prices stabilised
Although all average prices for all coffee groups fell in November, the I-CIP remained firm posting a median value of 156.83 US cents/lb.
Arabica prices slip while Robustas record an uptick in final month of CY 2021/2022
ICO’s I-CIP remains range bound since March 2022, averaging 197.13 US cents/lb for the seven months ending in September.
Robustas made the biggest gains in August, up 9.2%
The ICO reports that low Arabica certified stocks and high volatility add pressure on the I-CIP, closing August at 208.37 US cents/lb.
Nestlé invests $340million in new Nescafé coffee factory in Mexico
The plant will create 1,200 new jobs in the region and makes Mexico Nestlé’s main coffee producer globally.
I-CIP rebounds to over 200 US cents/lb for the first time since February
The ICO Composite Indicator Price (I-CIP) gained 4.5% from May to June 2022, averaging 202.46 US cents/lb for the latter. Estimated total production in coffee year 2021-22 remains unchanged at 167.2 million bags, while world coffee consumption is still projected to grow by 3.3% to 170.3 million 60-kg bags in 2021-22.