International Coffee Organization

International Coffee
Organization
  • Organización Internacional del Café (Spanish)
  • Organização Internacional do Café (Portuguese)
  • Organisation Internationale du Café (French)
Logo of International Coffee Organization Organización Internacional del Café (Spanish) Organização Internacional do Café (Portuguese) Organisation Internationale du Café (French)
Logo
World map indicating the member states of the International Coffee Organization.
  ICO exporting members
  ICO importing members
HeadquartersLondon, WC1
United Kingdom
Official languages
TypeTrade bloc
Members
Exporting
Importing
Leaders
• Executive director
Brazil Vanusia Nogueira
Establishment1963; 61 years ago (1963)
CurrencyIndexed as USD-per-lb
Website
www.ico.org

The International Coffee Organization (ICO) was set up in 1963 in London, under the auspices of the United Nations (UN) due to the economic importance of coffee. It administers the International Coffee Agreement (ICA), an important instrument for development cooperation.

It was a result of the five-year International Coffee Agreement (ICA) signed in 1962 at the UN in New York City and renegotiated in 1968, 1976, 1983, 1994 and 2007 at the ICO in London.[1] The ICA administered a quota system to stabilize fluctuating coffee prices across the world between coffee producing and consuming countries.[2]

The mission of the ICO is "...to strengthen the global coffee sector and promote its sustainable expansion in a market-based environment for the benefit of all actors in the Global Coffee Value Chain (G-CVC)"[3]

The ICO's headquarters is located at 222 Gray's Inn Road in London and its current executive director is the Brazilian Vanúsia Nogueira.[4]

The United States officially withdrew from the International Coffee Agreement in June 2018.[5] As of February 2, 2022 ICO Member Governments represent 93% of world coffee production and 63% of world consumption.[6][7]

  1. ^ "History". International Coffee Organization. Retrieved 28 September 2015.
  2. ^ Akiyama, Takamasa; Varangis, Panayotis N. (1990). "The Impact of the International Coffee Agreement on Producing Countries". The World Bank Economic Review. 4 (2): 157–173. doi:10.1093/wber/4.2.157. ISSN 0258-6770. JSTOR 3989927.
  3. ^ "About Us | International Coffee Organization". Retrieved 2024-11-07.
  4. ^ "Executive Director".
  5. ^ "Press Release" (PDF). International Coffee Organization. 3 April 2018.
  6. ^ "International Coffee Organization - Members of the International Coffee Organization". 1 August 2022. Retrieved 1 August 2022.
  7. ^ "Members of the International Coffee Organization". International Coffee Organization. Retrieved 21 January 2022.