International Coffee Organization (ICO)
| Column | Details |
|---|---|
| Introduction | – Established: 1963 under the auspices of the United Nations. – Headquarters: London, United Kingdom. – Mission: To address challenges in the global coffee sector and promote international cooperation for a sustainable coffee economy. |
| Objectives | – Market Transparency: Enhance market visibility through data and analyses. – Sustainability: Foster sustainable practices within the coffee sector. – Development Projects: Initiate and support value addition and marketing for producers. – Consumption Promotion: Encourage global coffee consumption. – Quality Improvement: Promote higher-quality coffee worldwide. – International Cooperation: Foster dialogue among exporting and importing countries. |
| Members (Dec 2024) | – 49 Members: Includes 42 exporting countries and 7 importing countries. – Global Representation: Represents 93% of global coffee production and 63% of global coffee consumption. – India: India is an active exporting member, participating in ICO initiatives. |
| Reports/Indices | – Coffee Development Report: Annual publication analyzing critical issues in the coffee sector. – Coffee Market Report: Monthly updates on market trends and prices. – World Coffee Statistics Database: Comprehensive data on production, consumption, and trade. |
| Instruments | – International Coffee Agreement (ICA): A framework guiding global cooperation in the coffee sector. – ICA 2007: Focuses on promoting a sustainable coffee economy and enhancing global collaboration. |
| Structure | – International Coffee Council: Principal decision-making body with representatives from all member countries. – Secretariat: Managed by the Executive Director, responsible for implementing Council policies and day-to-day operations. – Committees: Specialized committees addressing finance, promotion, and development projects. |
| Subsidiary Organs | – Private Sector Consultative Board: Ensures private sector engagement in policy discussions. – Consultative Forum on Coffee Sector Finance: Develops and disseminates innovative financing mechanisms for coffee producers. |
| Committees | – Finance and Administration Committee: Manages ICO’s financial and administrative responsibilities. – Projects Committee: Evaluates and oversees development projects. – Promotion and Market Development Committee: Focuses on expanding coffee markets and promoting consumption. |
| Initiatives | – Global Coffee Sustainability and Resilience Fund: Focuses on driving sustainable growth in coffee value chains, particularly in vulnerable African communities. – Coffee Public-Private Task Force: A platform for addressing sustainability challenges by uniting public and private sector stakeholders. – World Coffee Conference: Periodic event gathering global leaders and stakeholders to set the future agenda for the coffee sector. |
