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ICO releases May coffee report: 2023/24 coffee production grows to 178 million bags! Recently, the International Coffee Organization (ICO) released its May monthly report on the global coffee market, showing that the composite indicator price averaged 208.38 US cents/lb, a slight decrease of 3.9% compared with the previous month. In May, the composite indicator price fluctuated between 195.13 US cents and 230.61 US cents.
2024-06-09
Brazil's new tax policy! Coffee and other agricultural exports slow down, prices will continue to rise Recently, according to local Brazilian media reports, earlier this week, the Brazilian government submitted a new executive order to Congress, which includes a measure to tighten the use of tax credits. According to Brazil's Ministry of Finance, it will tighten the rules on the use of federal PIS-Cofins tax credit certificates, and the Ministry of Finance believes that this
2024-06-08
Costa Rica 2024 COE Ranking Announced, Introducing the Award-Winning Variety San Roque CoE (Cup of Excellence) is one of the most authoritative specialty coffee competitions in the world, and also the first internet auction platform for globally award-winning coffee, founded in 1999 by the Alliance for Coffee Excellence (ACE). Recently, Costa Rica held its 2024 Cup of Excellence competition
2024-06-08
Sucafina acquires Mercon's Vietnam subsidiary! Set to boost Vietnam coffee influence In December of last year, according to a Reuters report, MerconCoffeeGroup, one of the world's largest coffee traders, filed for Chapter 11 bankruptcy protection in New York, due to experiencing a "highly challenging operating environment" in the coffee trade. It is understood that Mercon in
2024-06-07
La Niña probability rises! Prices for coffee and more will keep climbing; Brazil robusta expected to overtake Vietnam Recently, the World Meteorological Organization (WMO) released a report stating that the El Niño phenomenon, which triggers extreme weather events, will weaken and transition to La Niña later this year. The "return" of La Niña may make the globe cold after experiencing record-high temperatures. The World Meteorological Organization said that neutral conditions may shift to La Niña, with a possible
2024-06-06
Introduction to the Champion Coffee Region of Ethiopia's 2024 TOH Africa is located in the southwest of the Eastern Hemisphere, straddling the equator both north and south, and lies right within the coffee-growing belt, so many African countries grow coffee, such as Ethiopia, Kenya, Rwanda and Tanzania, among which Ethiopia is recognized as the birthplace of coffee. Therefore, these African countries in 2000
2024-06-06
Vietnam's coffee production is expected to reach 29 million bags! Prices still face major variables Recently, the United States Department of Agriculture released a report on the coffee industry situation in the Asian country Vietnam. According to the report, Vietnam's coffee production for 2024/25 is expected to be 29 million bags (60 kg/bag), slightly less than the earlier forecast of 29.1 million bags, as rising coffee prices have encouraged coffee farmers to have more funds to invest in green
2024-06-05
Introduction to Hacienda La Esmeralda Abú in the Boquete Coffee Region of Panama Panamanian coffee enjoys very high recognition in the global coffee market, especially the Geisha variety. After standing out at the Best of Panama (BOP) competition and auction in 2005 with its excellent flavor and results, Geisha rose to fame overnight. Panama Panama is located in the southern part of Central America
2024-06-02
Brazil's coffee exports are expected to hit a record! Global coffee sales accelerate At present, Brazil has begun harvesting coffee beans of the new crop season, especially robusta coffee beans. According to data, as of now, Brazil's robusta coffee harvest progress has reached 15% of the new crop season's coffee production, higher than the 12% harvest progress in the same period last year. As for the arabica coffee harvest progress
2024-06-02
Zambia, an African Coffee-Producing Country: Geographical Location, Coffee Regions and Cultivated Varieties African coffee enjoys a very high profile in the global coffee market, because Africa is home to quite a few coffee-producing countries, and the African country Ethiopia is widely recognized as the birthplace of coffee. There are also many other coffee-producing countries, such as Zambia. Zambia, the Republic of Zambia (The Republic of Zambia)
2024-06-01

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