Supply Chain Research

The government of Guatemala is withdrawing from the International Coffee Organization, citing dissatisfaction with the progress of global coffee prices which have fallen by 20.4% year to date. That’s largely been driven by COVID-19 related closures in the food service sector. Guatemala only represented 2.4% of ICO volumes in the 12 months to May 31. Indeed it’s done better than most with a 0.2% year over year slip in the past 12 months compared to a 1.4% slide in total ICO group exports and a 14.1% slump in shipments from Mexico. Reduced demand cut total ICO exports by 14.6% in the month...