Falling coffee prices no cause for alarm, says ICO

By staff reporter
foodproductiondaily-usa.com

4/17/2007 - Coffee prices fell again last month and are expected to continue dropping in April, the International Coffee Organisation has said.

Prices fell by four per cent in March to around 100 cents (US) per lb, and had dipped below the 100 barrier by 10 April, the International Coffee Organisation (ICO) said.

It sought to reassure the industry, however, that a tighter supply and demand situation than in the past meant prices were unlikely to fall dramatically - as they did between 2001 and 2003.

There was more good news for growers and producer countries as the ICO announced a 20 per cent rise in coffee exports by volume in the first five months of the 2006/2007 year, compared to the same period last year.

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