Coffee trade talks are on track, insists ICO

By Chris Mercer

- Last updated on GMT

Related tags: Euro, International trade

A senior official fought back at suggestions that talks to
establish a new international agreement to promote coffee
consumption and sustainable production have hit problems.

Néstor Osorio, executive director of the International Coffee Organisation (ICO), said "significant progress"​ was made in January towards a new International Coffee Agreement. His comments, made in the ICO's monthly review, contradicted creeping scepticism in the EU over the renewal of the agreement, which provides a useful forum for the coffee industry to discuss sector-wide issues. Several disagreements between ICO members during the January talks put the deadline for a deal "in doubt"​, one EU official told BeverageDaily.com.​ The current agreement is set to expire in September this year and the ICO wants a new deal drafted out by May. But some believe a last minute deal in September or perhaps a postponement until January 2008 is now more realistic, which would drag the current agreement out for an extra year and put off potentially important reforms. US proposals to "change a lot in the agreement in terms of structure and purpose"​, have prolonged debate, the EU source said. The US, the world's largest coffee consumer, rejoined the ICO in early 2005. Wrangling over the number of votes handed to the EU and difficulty among producer nations in co-ordinating their positions has also slowed progress. ICO director Osorio said January's talks had taken place "in an atmosphere of constructive co-operation". ​Everyone had agreed that sustainability, in terms of the environment, social and economic, would remain a central part of a deal, he said at a press conference following the talks. He denied rumours of a rift between the US and EU, mirroring wider trade discussions at the WTO. Coffee prices dipped slightly in January, but remained 10 per cent ahead of the average for 2006, the ICO said in its monthly update last week. Consumption is expected to continue rising over the next year, from around 116m bags to 118m, although many in the industry are watching closely to see what the El Niño​ weather event will do to stocks and harvests in producer countries.

Related topics: Fruit, vegetable, nut ingredients

Related news

Related products

show more

OATVITA, A RISING STAR IN THE PLANT-BASED MARKET

OATVITA, A RISING STAR IN THE PLANT-BASED MARKET

OATVITA, a Frulact company | 27-Jun-2022 | Product Brochure

OATVITA is focused on the development of plant-based concentrated liquid solutions for food and beverage industry. We offer innovative and tailor-made...

Texturising plant-based meat alternatives

Texturising plant-based meat alternatives

Herbafood | 08-Jun-2022 | Technical / White Paper

At Herbafood, we are certain that the shift towards plant-based eating will continue to play a major role in human nutrition.

The power of plant-based - and how color can help

The power of plant-based - and how color can help

EXBERRY® by GNT | 18-May-2022 | Product Presentation

With Coloring Foods, the possibilities for plant-based products are almost limitless. Sustainable, natural and vegan-friendly food and drink is enjoying...

Healthy, delicious and sustainable

Healthy, delicious and sustainable

Döhler – Natural Food & Beverage Ingredients | 21-Mar-2022 | Data Sheet

Discover our comprehensive portfolio of plant-based ingredients which are ideally suited for innovative plant-based applications. Doehler fully understands...

Related suppliers

Follow us

Products

View more

Webinars