ICO

For the month of December, the monthly report from the International Coffee Organization (ICO) shows that there has been a slight recovery in coffee prices, driven by growing concerns about the outbreak of coffee rust in Central America.

The International Coffee Organization (ICO) said the prospect of record production in Brazil during the cycle of low productivity is offset concerns about the spread of the fungus roya, which causes rust of coffee trees in plantations Central America.

The International Coffee Organization (ICO) has pointed out that world coffee production in 2012/13 (October to September) should be at 144, 1 million 60-kilogram bags, thus an increase of 7.2% compared with 2011/12 crop, which had a production journal, slightly down to 134.4 million bags. The numbers run from December report of the ICO. Thus, the ICO has reduced by 1.3% its estimate for world crop 2012/13, which in November was placed at 146 million bags. The previous data of 2011/12 was 134.6 million bags.

The monthly report of the International Coffee Organization (ICO) shows that in December, coffee prices have suffered downward revisions, with the monthly average of the ICO composite indicator recorded a fall of 3.7% to 131.31 cents/pound, compared with the level of 188.90 U.S. cents / lb checked at the beginning of the calendar year.