Enhancements
UK
The London-based International Coffee Organization (ICO) is looking at ways to enhance coffee inventory levels in producing nations. The intention is to prevent major suppliers from ‘dumping’ coffee on the market that might trigger a decline in prices.
"While coffee consumption has certainly risen from 102-104 million bags in the early 2000 to about 130 million bags in 2008, inventory in producing nations has slipped from the usual level of 35-40 million bags to about 15-17 million bags," according to Nestor Osario, ICO executive director. "We have seen instances where the producing nations keep supplying into the market, which impacts coffee prices."