News for '-international-coffee-organization'

Coffee prices up 10.1%; trend likely to continue

Global exports of coffee in October 2019 fell by 13.4 per cent, to 8.91 million bags, compared to the same month in the previous year. A mix of factors, including unfavourable weather patterns and prolonged low international prices, have contributed to a decline in shipments across all regions. The daily price of the ICO composite rose from $102.74 cents/lb at the beginning of November to a high of $111.86 cents/lb on November 25, 2019, before closing the month at $111.77 cents/lb.