Talk about Certification | ICO-- International Coffee Organization formulates the International Coffee Convention

125 million people around the world depend on coffee, and most of the coffee is produced by small coffee farmers, who farm so hard that the world consumes 600 billion cups of coffee a year.

A large amount of consumption makes coffee one of the widely traded commodities in the world. More than 60 countries mainly produce and trade coffee. These countries rely heavily on coffee exports. According to statistics, coffee export income accounts for 50% of the total export income. Therefore, the import and export of coffee need to achieve a stable balance between supply and demand through mutual trust and cooperation between countries, promote the sustainable development of the coffee industry, and help improve the living standards of coffee-exporting countries.

Full name: International Coffee Organization

Abbreviation: I.C.O.

Web page: http://www.ico.org/

Headquartered in: UK

Agreement: international Coffee Convention

Members: mainly the major coffee importing and exporting countries, the exporting countries account for 97% of the world coffee production, and the importing countries account for 80% of the world coffee consumption. at present, there are 37 member countries according to the statistics of the ICO website.

(http://www.ico.org/members_e.asp)

Founding History:

In the 19th century, coffee became an important commodity in international trade, and the coffee market was in a state of oversupply for a long time, which caused the price of coffee to be on the low side, but occasionally the price exceeded the demand. Even so, the coffee market was stable.

Between 1939 and 1945, the price of coffee fell due to a glut in the coffee market due to the economic crisis and World War II.

At the beginning of the end of World War II from 1950 to 1953, the demand for coffee increased sharply, and coffee was in short supply. The Korean War, the great drought in Brazil and the ensuing frost made the market even worse. Because the high price in short supply makes many farmers think that growing coffee is more profitable, which leads to a substantial increase in acreage and overproduction.

In the early 1960s, coffee prices fell sharply, bringing economic and political disaster to coffee-producing countries in Latin America and Africa. In view of this, in 1962, with the assistance of the United Nations, the International Coffee Organization was established in London, England, and signed the first international coffee agreement, commonly known as the International Coffee Convention, which has been developed and continued to this day.