In December 2024, ICO Executive Director Vanúsia Nogueira participated in the #CONEXIONVERDE+ event and field mission in Brazil, organized under the AL-INVEST Verde programme. Funded by the European Union, this initiative promotes sustainable growth and job creation across 12 Latin American countries by fostering collaboration between the public and private sectors. Beginning in Belém do Pará, the Executive Director delivered remarks at the opening session and contributed to a panel on EUDR traceability experiences.

Some mission highlights included visits to coffee and cocoa farms in Linhares and São Gabriel da Palha, showcasing Brazil’s commitment to sustainability and innovation. The ICO extends its gratitude to AL-INVEST Verde and the Espírito Santo State Government for an insightful and impactful mission.

The ICO is delighted to announce the launch of our flagship Coffee Development Report (CDR) 2022–23, “Beyond Coffee: Towards a Circular Coffee Economy”, an in-depth examination of the circular economy’s transformative potential within the coffee sector. Produced through landmark collaboration with the International Trade Centre (ITC), the Centre for Circular Economy in Coffee (C4CEC), Lavazza Foundation, and Politecnico di Torino, with contributions from University College London, this CDR edition reflects the work of a diverse global multi-stakeholder group under the ITC Coffee Guide Network.

Watch the recording of the Coffee Development Report (CDR) 2022–23 launch webinar, “Beyond Coffee: Towards a Circular Economy in Coffee,” to explore how circular economy practices and regenerative agriculture can help close income gaps, reduce waste, and create a more sustainable future for the coffee industry. Now available on the International Coffee Organization’s YouTube channel.

With International Coffee Day 2024 taking place on 1 October, the International Coffee Organization invites all the coffee value chain stakeholders to Embrace Collaboration for Collective Action with the Message “Coffee: your daily ritual, our shared journey”

On 5 September 2024, the ICO’s Coffee Public-Private Task Force hosted an online webinar titled “Towards a Living & Prosperous Income in Mexico.” The event featured a dialogue (in Spanish language) highlighting collaborative efforts between the Government of Mexico, the CPPTF, and key partners. The session explored the progress made in addressing the living income gap in Mexico’s coffee-producing regions, including the 2021 Living Income study with CEGAM and the Anker Research Institute, as well as the 2022 cost analysis with the Committee on Sustainability Assessment (COSA).

The ICO, UNIDO and partners,  have published the report “Sustainability & Resilience of the Global Value Chain: Towards a Coffee Investment vehicle”. Read the press release announcing the leading new concrete efforts to foster sustainability in the Coffee Global Value Chain (C-GVC). 

The ICO Composite Indicator Price (I-CIP) averaged 258.90 US cents/lb in September, an 8.4% increase from August 2024. The I-CIP posted a median value of 264.57 US cents/lb and fluctuated between 241.20 and 272.70 US cents/lb. The September 2024 I-CIP is above the September 2023 I-CIP by 69.1%, with the 12-month rolling average at 201.71 US cents/lb.

World coffee exports amounted to 11.13 million bags in October 2024, compared with 9.67 million in October 2023.  In the twelve months ending October 2024, exports of Arabica totalled 85.67 million bags compared to 73.8 million bags last year; whereas Robusta exports amounted to 53.6 million bags compared to 49.37 million bags.